Colorado Springs News, Sports & Business

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

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

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

Our commenting system has changed. Please register or login with your gazette.com account to comment on a story. Click here for information.

You've reached your 4 FREE premium stories this month

Get 4 more FREE stories

Simply register to continue.

Register

Subscribe now

Get access unlimited access to premium stories.

Subscribe
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
OCT
22
OCT
23
OCT
24
OCT
25
OCT
26
OCT
27
OCT
28
OCT
29
OCT
30
OCT
31
NOV
1
NOV
2
NOV
3
NOV
4
Advertisement