One is a rising star on the Latin music scene; the other is a seasoned veteran… But Prince Royce and Don Omar tied for the title of this year’s “King of the Billboard Latin Music Awards.”

During Thursday night’s award ceremony, the Puerto Rican Don Omar and the Dominican-American Prince Royce each received eight awards.

Prince Royce was ecstatic upon learning he had won artist/songwriter of the year and best tropical album for his self titled album and single Corazon sin cara.

“Wow! First of all I want to thank God who has given me everything,” said the soon-to-be-23-year-old singer. “[Also] my family and the Dominican Republic… and my fans I love you all with all my heart.”

Like Prince Royce, Don Omar thanked his mother and God as well as his fans and fellow colleagues after taking home awards for best Latin rhythm of the year, best songs of the year, best Latin rhythm artist of the year, best album of the year, best song of the year, best song of the year for airplay, and best Latin pop song of the year for his single “Taboo.”

His other hit “Danza Kuduro,” a collaboration with Brazilian artist Lucenzo, won best vocal collaboration of the year as well as best digital song.

“I am so grateful to each and every one of my colleagues in the music business… and from Puerto Rico,” said the 34-year-old reggaeton artist in Spanish. “It has been 15 years since we decided to start the urban music genre.”

Meanwhile, Mexican rock group Maná took home five awards, while Colombian pop star Shakira earned four. And, La Adictiva Banda San Jose de Mesillas group won best new artist. Marc Anthony received a Billboard Hall of Fame Award for his global, artistic influence.

Thursday’s live show was televised on Telemundo from the BankUnited Center at the University of Miami in Coral Gables.