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

The Associated Press Updated: January 21, 2014 at 4:54 pm • Published: January 21, 2014 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
APR
19
APR
20
APR
21
APR
22
APR
23
APR
24
APR
25
APR
26
APR
27
APR
28
APR
29
APR
30
MAY
1
MAY
2
Advertisement