Time has published a list of their "Top 10 Nerdy Competitions" and Magic is on the list, alongside "Speedcubing", "Muggle Quidditch" and "International Mathematical Olympiad" to name a few. The picture on the story is quite old unfortunately, it makes our tournaments look like their stuck in the early 90's.
Here's what Time had to say about Magic:
Card-wielding national champions from 61 countries, along with assorted professionals and invited players, will convene at the "Worlds" in Chiba, Japan, on Dec. 9 for three days of simulated sorcery and spell-casting. Using decks of cards, players (known as "planeswalkers" — a type of wizard) battle one another for "glory, knowledge and conquest," according to Magic's official website. Players practice, try out new strategy and commune over weekly events around the country that are sponsored by Magic card manufacturer, Wizards of the Coast. These events are called Friday Night Magic — staking their place as the antidote to Friday Night Football.
From Time.com
View Time's entire list of Top 10 Nerdy Competitions