Texting championship 2012 winner announced

Austin Weirschke wins the 2012 LG U.S. National Texting Competition in Times Square in New York City. LG Electronics

(CBS News) The fastest texter in America has been named Wednesday at the LG U.S. National Texting Competition.

Last year's champion 16-year-old Austin Wierschke of Queens, NY has reclaimed the top spot, winning $50,000.

Eleven contestants, ranging from 16 to 24 years old, met in Times Square in New York City to face off. The competition tested three skills: speed, accuracy and dexterity.

The contestants had to pass three rounds, including texting while blind-folded, texting with hands behind their backs and Text Blitz, where contestants had to copy phrases as fast as possible.

This is the second year in a row that Weirschke has won the contest. The texting competition was originally launched in 2007 and is sponsored by LG Electronics.