Ever dream of being a billionaire? Well, you could be one in the near-ish future if you know a thing or 63 about college basketball. This year, Warren Buffett and Dan Gilbert of Quicken Loans are offering one billion dollars to any fan who fills out a perfect NCAA Tournament bracket as part of the company’s annual Bracket Challenge. Per Yahoo! Finance:
Any qualified entrant who correctly enters the contest and predicts the winners of every game in the tournament will share the total $1 billion prize paid in 40 annual installments of $25 million. Alternatively, the winner(s) may elect to receive an immediate $500 million lump sum payment or share in that lump sum payment if there is more than one perfect bracket submitted.
“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, President and Chief Marketing Officer of Quicken Loans. “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”
So the odds aren’t exactly great — the chances that you fill out the perfect bracket are roughly 1 in 9,223,372,036,854,775,808, but hey, what do you have to lose? Quicken Loans will also pay $100,000 to 20 of the closest “imperfect” brackets filled out, so start doing your college basketball research now.