It had all the trappings of an big-ticket prizefight: the glitzy Las Vegas backdrop, the arena-rock production values, the small fleet of celebrities and high rollers at ringside in well-cut suits and couture dresses.

But it was an illusion, one that evaporated before the eyes of the countless throngs who believed that the boxing rookie Conor McGregor had any chance in a scheduled 12-round junior welterweight fight against Floyd Mayweather, the undefeated five-division champion and finest boxer of his era.

Mayweather, needed three rounds to take the two-division UFC champion’s measure before spending the next seven walking him down, picking him apart and closing the show with a 10th-round knockout before a crowd of 14,623 at the T-Mobile Arena.

“Our game plan was to take our time, go to him, let him shoot his shots early and then take him out down the stretch,” said the 40-year-old Mayweather, who ended a bout inside the distance for the first time since a controversial knockout of Victor Ortiz six years ago and only the second time in a decade. “We know in MMA, he fights for 25 minutes. After 25 minutes, he started to slow down. I guaranteed to everybody that this wouldn’t go the distance.”

Vegas is a town built on suckers and dreamers and there were no shortage of either in the desert for a fight that’s expected to threaten the all-time revenue records set by Mayweather’s megafight with Manny Pacquiao two years ago. Yes, it could have been worse. McGregor acquitted himself nicely and it was not the disgrace many expected, but it was still every bit the mismatch augured from day one.

McGregor, 29, shot from his corner and tried to swarm Mayweather in the opening round, landing a pair of body shots and a pawing left upstairs. But Mayweather calmly fought off the back foot and assessed the unknown quantity before him, allowing McGregor to throw clumsy, lunging shots that missed wildly.

Early in the second McGregor was warned by referee Robert Byrd for hitting Mayweather behind the head early as the American continued to sit back and take the Irishman’s measure. McGregor even switched to an orthodox stance momentarily, which seemed to give the boxer pause. Yet the slow pace prevailed with Mayweather continuing to throw judiciously, mostly leading with jabs to the body.

McGregor’s disciplined if raw approach continued into the third as he continued to snap straight right-hand leads while Mayweather tried to set traps. The roughhousing continued as McGregor found the back of Mayweather’s head once more, this time avoiding a warning. Mayweather was struggling to let his hands go, but not for long.

Mayweather came alive in the fourth, stepping into the pocket and landing a right hand and a hook to the body. He continued to close the distance and suddenly it was McGregor in retreat. It took a bit longer than usual, perhaps owing to the 714-day layoff, but Mayweather had zeroed in on his strategy: he was going to fight McGregor inside.

Midway through the fifth round McGregor was showing signs of fatigue as Mayweather was speeding up, landing a hard body shot followed by a chopping left hand early in the frame that dazed the Irishman, whose punches no longer had anything behind them. By the sixth McGregor was taking deep breaths and Mayweather continued to march inside, landing three straight rights that brought the crowd to their feet.

The bigger man was getting bullied and not even the chants of “Con-or! Con-or!” that cascaded down from the Irish fans in the stands could breathe life into their man. Mayweather was in total control. He continued to press in the seventh with McGregor in survival mode, shredding the Irishman with a three-punch combination punctuated with a right cross. What punches McGregor could manage were devoid of snap. The punishment continued into the eighth as Mayweather bounced punches one after another off McGregor, snapping his neck back with an uppercut near the end of the frame.

McGregor, in somewhat of a surprise, sprinted from his corner in the ninth and for a third time forced the referee to unwrap him from Mayweather’s back, prompting another stern warning. But Mayweather picked right up where he left off once proceedings resumed, cracking McGregor with a combination upstairs that left him spun round and handing onto the ropes to stay upright. One, two, three, four right hands bounced off McGregor’s head and McGregor looked ready to go, saved by the bell.

The end came early in the 10th when Mayweather landed a right hand that sent McGregor reeling before following up with a dozen unanswered punches, prompting Byrd to intervene at the 1:05 mark.

“[Mayweather’s] not that fast, he’s not that powerful, but boy is he composed in there,” said McGregor, who landed 111 of 430 punches (26%) compared to 170 of 320 punches for his opponent (53%).

Relative to expectations, it will leave a better taste in customers’ mouths than the Pacquiao fight. But it lacked the tension and drama that true championship affairs generate. McGregor’s true believers aside, this was less about who would win rather than how it would happen. Fortunately for all, especially the Nevada Athletic Commission who sanctioned it, McGregor gave a better accounting of himself than anyone expected – even as he faded badly down the stretch.

Afterward the fighters embraced in the center of the ring surrounded by their handlers, smiles all around. And why not? Not after McGregor earned a minimum of $30m, 10 times his previous career-high purse of $3m, a total that could exceed $75m once his share of the pay-per-view receipts, live gate, closed-circuit revenues and foreign sales are tallied.

The numbers are even rosier for Mayweather, whose minimum purse of $100m matched the career-high guarantee he made for the Pacquiao fight. That total is expected to swell past $200m once his share of the promotion is accounted for.

The enterprise is the pièce de résistance of the genius hatched by Mayweather and scaled to stupefying proportions by enigmatic advisor Al Haymon, the Harvard-educated former concert promoter who seldom appears in public and never speaks to the press. There will always be a market for some in America for the possibility of watching an unapologetic black fighter getting beaten.

But for Mayweather, comeuppance never came.