My younger 2 kids watch it and I've been to maybe 6 live events? 3 times as a kid, 3 times I took my kids (gave Hulk Hogan a high five when I was 10, won't soon forget that). ALL ages are there, some with kids some with friends, some with their wives. I don't watch it very often but if my kids are watching I may stop for 5 minutes just to see a story line. It's not even about the wrestling it's like a soap opera for dudes.
Yeah it's pretty stupid but they are making billions so must be some people besides kids watching it.