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Since the LCS was only launched in the third year of professional play, it was immediately dubbed "Season 3". Riot Games announced the formation of the LCS on August 6, 2012, creating a fully professional league run by the company with a regular schedule and guaranteed salaries for players, featuring eight teams in both North America and Europe.

The first two seasons of competitive play consisted of a series of tournaments mostly organised by third parties, such as Intel Extreme Masters in Europe and Major League Gaming in North America, capped by a world championship tournament hosted by Riot Games. Riot Games launched League of Legends in October 2009 and rapidly attracted attention from the competitive gaming community. "League of Legends Championship Series" is a Delaware limited liability company. The LCS has attracted sponsorships from Acer Coca-Cola and American Express. The first LCS player to be awarded a P visa was Danny "Shiphtur" Le. government grants athlete visas for foreign LCS competitors. In addition to a small studio audience, all games are streamed live in several languages on Twitch and YouTube, with broadcasts regularly attracting over 300,000 viewers. With the exception of some touring events, all games of the LCS are played live at Riot Games' studios in Los Angeles, California. At the end of the season, the winner, runners-up and third-place team of the summer playoffs qualify for the annual League of Legends World Championship. Each annual season of competition is divided into two splits, spring and summer, which conclude with a double-elimination tournament between the top eight teams.

The esports league is run by Riot Games and has ten franchise teams. The League Championship Series ( LCS) is the top level of professional League of Legends in the United States and Canada.