Jackpot in Vegas

LAS VEGAS -- Just five days after WrestleMania made history in Phoenix, SmackDown lit up Las Vegas like never before as Jack Swagger captured the World Heavyweight Championship, Cryme Tyme imploded, The Great Khali hung up his gigantic boots, CM Punk issued a hairy challenge, and Kane took on WWE NXT.

Jack Swagger def. World Heavyweight Champion Chris Jericho (PHOTOS | WATCH)
Moments after an irate Edge blasted his WrestleMania opponent, Chris Jericho, with The Spear, Mr. Money in the Bank, Jack Swagger, emerged to leave the entire WWE Universe breathless. Without warning, "The All-American American" stormed onto the scene, nailing the unsuspecting Ultimate Opportunist from behind with his newly-acquired Money in the Bank briefcase. Frantically calling for an official, Swagger proceeded to cash in his championship opportunity, pinning Jericho for the World Title after the Gutwrench Powerbomb heard 'round the world. Swagger's monumental triumph came just four days after he attempted to use his Money in the Bank position on Raw against John Cena, only to rescind the decision at the last second.

Later, after both Jericho and Edge interrupted Swagger's first "State of the Championship Address," SmackDown General Manager Theodore Long made an earth-shattering announcement. Next week, the two decorated Superstars will battle in a No. 1 Contender's Match for the right to face "The All-American American."

When chaos erupted seconds later, the new World Champion hit two more Gutwrench Powerbombs -- one on "the best in the world at what he does" and one on The Rated-R Superstar. (PHOTOS | WATCH)

John Morrison & R-Truth def. Cryme Tyme (PHOTOS | WATCH)
John Morrison & R-Truth rebounded from their WrestleMania defeat against Show-Miz with a lightning-fast victory over Cryme Tyme when The Guru of Greatness pinned Shad with Starship Pain.

After the match, Shad completely silenced the lively Sin City crowd when he suddenly turned on his four-year tag team partner, JTG, with an absolutely brutal attack. With fury in his eyes, he later announced that there will be no more Cryme Tyme.

Dolph Ziggler def. The Great Khali (PHOTOS | WATCH)
Following Dolph Ziggler's impressive victory over The Great Khali with the sleeper, The Punjabi Playboy stunned the WWE Universe by announcing his departure from WWE. As his brother, Ranjin Singh, explained, Khali has decided to go back to India to relax and spend time with family, so that he can one day return to WWE and once again become the World Champion.

CM Punk put his locks on the line (PHOTOS | WATCH)
After losing to Rey Mysterio at WrestleMania, The Straight Edge "savior" challenged The Master of the 619 to a rematch, pledging to put his precious hair on the line for another opportunity to "save" The Ultimate Underdog. 

Kane def. NXT Rookies by disqualification (PHOTOS | WATCH)
A "bored" and "frustrated" Big Red Monster challenged the entire NXT roster to an 8-on-1 Elimination Handicap Match. However, after defeating two NXT Rookies, Kane was attacked by the combined force of the remaining up-and-comers.

Intercontinental Champion Drew McIntyre vs. Matt Hardy ended in a No Contest (PHOTOS | WATCH)
Five days after Matt Hardy prevented him from capturing the Money in the Bank at WrestleMania, Intercontinental Champion Drew McIntyre returned to Friday night with revenge on his mind. Before the bell could even sound, the "Chosen One" rammed Hardy into the steel ring post as he was entering the ring, finishing him off with the devastating Future Shock. 

Beth Phoenix & Tiffany def. Women's Champion Michelle McCool & Layla (PHOTOS | WATCH)
The Glamazon once again teamed with SmackDown's newest Diva to defeat Team Lay-Cool. Once The Fabulous Firebird had knocked the Women's Champion from the ring apron, she finished off Layla with a powerful Glam Slam.

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