Madonna will be honored with the 'Top Touring Artist' award at the 2013 Billboard Music Awards.

The 'Girl Gone Wild' singer is set to take to the stage to accept the prestigious accolade, recognizing the huge success of her 2012 MDNA tour, which grossed over $305 million and saw her perform 88-sold out shows in front of 2.2 million fans worldwide.

Jennifer Lopez, Chris Brown, Nicki Minaj, Lil Wayne and Ed Sheeran are just some of the artists that will perform at this year's ceremony at the MGM Grand Garden Arena in Las Vegas on May 19.

Christina Aguilera, Selena Gomez, Pitbull, The Band Perry, Macklemore & Ryan Lewis, Taylor Swift, Bruno Mars, Miguel, Prince and Justin Bieber will also take to the stage.

Nominations for the awards were recently announced with Taylor, fun. and Maroon 5 leading the way with 11 nods each.

Out of their 11 categories, the three leaders will all compete for Top Hot 100 Artist and Top Digital Songs Artist.

Maroon 5 and fun. will also vie for Top Duo/Group, Top Radio Songs Artist, Top Hot 100 Song, and Top Digital Song while Maroon 5 and Taylor will compete for Top Artist and fun. and Taylor are both finalists for Top Streaming Song (Video).

Rihanna and Carly Rae Jepsen have received nods in 10 and nine categories respectively while One Direction will compete for eight awards.

Along with performing Prince is also set to be presented with the Billboard Icon Award during this year's ceremony.