Warren Buffett offers $1 billion for perfect NCAA bracket
Warren Buffett and Quicken Loans will pony up $1 billion to anyone who can fill out a perfect bracket for the NCAA tournament this March. Registration for the 'Billion Dollar Bracket Challenge' will begin March 3.
Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup.Skip to next paragraph
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But there's now a $1 billion prize waiting for anyone able to pull off the feat this spring.
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.