A perfect NCAA March Madness bracket in this year’s tournament might get you a $1 billion prize, thanks to Quicken Loans and Warren Buffett’s Berkshire Hathaway.
“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” Buffett told the Detroit Free Press
. “While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online.”
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Any qualified entrant who plays by the rules and correctly predicts the winners of every game will claim a $1 billion prize paid in 40 annual installments of $25 million each. If more than one contestant wins, they would share the prize. Winners would have the option of taking a lump sum $500 million payment.
Entrants must be at least 21 years old and a U.S. citizen. Only one submission per household will be allowed.
“We’ve seen a lot of contests offering $1 million for putting together a good bracket, which got us thinking, 'What is the perfect bracket worth?’ We decided $1 billion seems right for such an impressive feat,” Jay Farner, Quicken’s president and chief marketing officer, told the Chicago Tribune
. “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”
Registration begins March 3.
CNN said that if there is a contestant who has a chance for the prize
when the championship game is held April 7 in Arlington, Texas, Buffet plans on bringing that person to the game.
“I will invite him or her to be my guest at the final game and be there with a check in my pocket, but I will not be cheering for him or her to win,” he joked. “I may even give them a little investment advice.”
Don’t get your hopes up, though. CNN notes there are more than 9 quintillion possible ways to fill out the 64-team bracket. Let’s just say that’s a 9 followed by a whole lot of zeros.
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