Colorado Springs News, Sports & Business

Warren Buffett offering $1 billion for perfect NCAA basketball tournament bracket

The Associated Press Updated: January 21, 2014 at 4:54 pm 0

DETROIT — Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup.

But there's now a $1 billion prize waiting for anyone able to pull off the feat this spring.

Quicken Loans announced Tuesday that it's teaming with investor Warren Buffett's Omaha, Neb.-based Berkshire Hathaway on the "Billion Dollar Bracket Challenge."

The Detroit-based mortgage lender says any qualified entrant who correctly predicts the winners of every game in the tournament will be paid in 40 annual installments of $25 million. A winner also can elect to receive an immediate $500 million lump-sum payment or share in that payment if there's more than one perfect bracket submitted.

Free registration for the contest will begin March 3 and run until March 19.

Comment Policy
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
JUL
25
JUL
26
JUL
27
JUL
28
JUL
29
JUL
30
JUL
31
AUG
1
AUG
2
AUG
3
AUG
4
AUG
5
AUG
6
AUG
7
Advertisement