Oh, it's certainly real, but unfortunately, now everybody knows it's scripted. Plus, the best professional wrestlers don't seriously hurt their opponents, it just looks that way. Of course, they all take a beating on their bodies, and 'stunts' do go wrong, particularly in today's matches.
I pretty much lost interest in pro wrestling when Vince came out in the open years ago and admitted it was all just a big show. Given the popularity of wrestling today, my opinion is obviously a minority one.
At least in times past, you suspected that 'something' was going on but the wrestlers never came 'out of character' and it was easier to suspend disbelief.
Back in the '60's my dad took me to some matches at the Sportatorium in Dallas (after I begged him) and those fans took that stuff very seriously. They believed.