Warren Buffet Backs $1B Perfect Bracket ChallengeBy: Josh Wolford - January 21, 2014
With the financial insuring of Warren Buffet’s Berkshire Hathaway, Quicken Loans is running a contest that nobody will win.
Buy holy moly, wouldn’t it be a hell of a thing to win.
It’s called the Quicken Loans Billion Dollar Bracket Challenge, and it will deliver a billion dollars to anyone who can pick a 100% perfect NCAA March Madness bracket. If you’re the grand prize winner, you can either take the full billion in $25 million installments over the next 40 years, or you can take a lump sum of $500 million.
Registration opens on March 3rd, and there’s a limit – 10,000,000 participants (or more, if they decide to expand it).
“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” said Buffett. “While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online. To quote a commercial from one of my companies, I’d dare say it’s so easy to enter that even a caveman can do it.”