Warren Buffett offers $1 billion for perfect March Madness bracket
Feeling lucky? Warren Buffett is willing to part with some serious zeros to anyone who can fill out the perfect bracket for this year’s NCAA Men’s basketball tournament.
Buffet’s company Berkshire Hathaway is joining forces with Quicken Loans’ Dan Gilbert, owner of the Cleveland Cavaliers, to offer one billion dollars to the person who correctly guesses the winner of all 67 games in this spring’s March Madness.
Submissions will be limited to one per household and capped at 10 million entrants. The winner will have the option of taking 40 annual payments of $25 million or a lump sum of $500 million. Multiple winners would split the money. Quicken will also award $100,000 to the contest’s 20 most accurate brackets to use toward buying, refinancing, or remodeling a home. The official rules will be available on the Billion Dollar Bracket Challenge website when it is activated for registration on March 3.
“This will be the most fun. Just imagine if there’s one person left at the last game,” Buffett, 83, said Tuesday. “I will go to that final game with him or her and I’ll have a check in my pocket…. I think we’ll be rooting for different teams.”
What are your chances of winning a cool billion? About one in 4,294,967,296.