Warren Buffett to Give Away Staggering $1 Billion for the Perfect March Madness Bracket
A lot more than bragging rights could be on the line when filling out your bracket for the NCAA Tournament.
Quicken Loans has teamed up with Warren Buffett and his company, Berkshire Hathaway, for the ‘Billion Dollar Bracket Challenge,’ in which they will give away $1 BILLION to any lucky soul who correctly picks the winner of every single game in the upcoming NCAA men’s college basketball championship. That'll make you think twice before picking a 12-seed to reach the Final Four, don'cha think?
The lucky winner will get the money divvied up over 40 yearly payments of $25 million or in one $500 million lump sum. Sadly, if more than one person wins, they’ll have to split the $1 billion. Don’t you hate when that happens?
Buffett says he’s excited to join this American tradition:
Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so? While there is no simple path to success, it sure doesn't get much easier than filling out a bracket online.”
As if the chance to become a billionaire isn’t incentive enough, the 20 people who have the most accurate, but not perfect, brackets will win $100,000 apiece.
Registration got underway on March 3. All entrants must be at least 21. Only the first 10 million people who sign up can participate. And with $1 billion on the line, 10 million brackets will probably be filled out quicker than the time it takes to tell your boss, "I quit!"