For anyone who has ever wondered what the whole "league" part of League of Legends was referring to, Riot Games has announced the season one championship, which will be held at this year's Dreamhack Summer event in Sweden this June. The season one circuit will end on May 2, at which time Riot will choose the world's top eight teams (three from North America, three from Europe and two from South East Asia).

These teams will be flown to the Dreamhack event and compete for three days beginning on June 18, culminating in the championship round on June 20. Riot hasn't specified exactly how much the winning team will walk away with, though there is a total of $100,000 in cash prizes up for grabs. And to think Mom said "those free internet games" wouldn't get you anywhere!

Lest a flight to Sweden is a bit too much for your pocketbook to bear, the championship matches will be available via live streaming.