Imagine Dragons lead this year's nominees with 12 nods in all, with specific categories including Artist of the Year and Top Duo/Group, reported Ace Showbiz.
Also joining the performers line-up will be Jason Derulo, OneRepublic and Luke Bryan.
Bryan has earned six Billboard Music Award nominations, while OneRepublic are vying for the prestigious Billboard Milestone Award.
They are competing in that Billboard Milestone Award category against Imagine Dragons, Legend, Bryan, Ellie Goulding and Carrie Underwood.
This year's ceremony will be held at the MGM Grand Garden Arena in Las Vegas, Nevada.