In 1992 A. Zhedanov introduced the Askey-Wilson algebra AW=AW(3) and used it
to describe the Askey-Wilson polynomials. In this paper we introduce a central
extension Δ of AW, obtained from AW by reinterpreting certain parameters
as central elements in the algebra. We call Δ the {\it universal
Askey-Wilson algebra}. We give a faithful action of the modular group PSL2(Z) on Δ as a group of automorphisms. We give a
linear basis for Δ. We describe the center of Δ and the 2-sided
ideal Δ[Δ,Δ]Δ. We discuss how Δ is related to the
q-Onsager algebra.Comment: 24 page