The magician helps the audience achieve a transcendant experience by showing them a seeming miracle.
your definition of magic & magic(k) [of late] seems to be based on "The exercise of sleight of hand for entertainment." However, a child's game of trickery cannot be confused with magic or magic(k) as the primordial essence of universal communion of atoms & electrical impulses. That being said, I must jump in to this hasty generalization based on biased evidence and say, that our "founding father" Charles T. was a practitioner of the "sleight" kind. His success at mass social "duping" & his interest in deeper magic(k) is an enlightening subject.