The deal means Amazon with exclusively stream 10 matches over one Bank Holiday of Premier League games during the festive period as well as a further ten during a midweek slot which will be early in December.
The recent deals - which have been struck by the Amazon Europe chief, Jay Marine, and the European Prime Video boss, Alex Green - also include a $130m renewal of non-exclusive livestreaming of National Football League games.
Amazon has pledged that this rights purchase will not affect the price of Prime membership.
If Amazon paid a similar amount as BT for 20 games, the league would generate 4.6 billion pounds from the sale of 200 live games in Britain, compared with 5.14 billion pounds for 168 matches from 2016-19.
In addition Prime members can watch weekly highlights of all Premier Leagues games throughout the season.
Fifteen of BT's extra games will come from two midweek fixture programmes and five from a new split weekend in January which will enable the Premier League to take a midwinter break for the first time - a move that will delight the Football Association and whoever is managing the England team.
The new deals mark the first time a full round of matches will be shown live in the UK.
On a busy day of announcements at the Premier League's summer meeting, it was also confirmed that the "big six" clubs have won their fight to take a bigger share of the top tier's booming worldwide broadcasting revenue.
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Any growth beyond the value of the 2016-19 foreign deals with be distributed based on where a team finishes reflecting the meritocratic allocation of domestic television income.
BT Sport has proven success of showing multiple matches on the same night through its UEFA Champions League and UEFA Europa League coverage over the last three seasons - something that will continue until at least 2021.
Those concerns appear to have focused minds as a compromise has been reached.
These two remaining packages of rights were specifically created to appeal to the internet giants such as Amazon, Netflix, Apple, Facebook and Google as online streaming continues to rise in popularity.
However, the deal adds to Amazon's burgeoning local sports rights portfolio, with the United Kingdom becoming a major focus.
"When the Premier League was formed in 1992 nobody could have envisaged the scale of global growth in the competition which exists now", Scudamore said.
"Back then the clubs put in place a revenue sharing system that was right for the time and has served the league well, enabling them to invest and improve in all areas", he said. That brings its total up to 52 games per season from 2019, while Sky will offer 128.
The Premier League have also released details of the rights deals for the Republic of Ireland.