News

Warren Buffett’s billion-dollar bracket challenge

Warren Buffett’s billion-dollar bracket challenge

BRACKET BUSTER: The odds are nearly impossible, but business tycoon Warren Buffett says if someone can correctly pick a perfect March Madness bracket, he'll pay big bucks. Photo: Associated Press/Nati Harnik

The odds say it’s practically impossible, so what’s a perfect NCAA March Madness bracket worth? To billionaire business tycoon Warren Buffett, it’s worth $1 billion.

Forget your office pool and start brushing up on America’s top men’s college basketball teams, because the contest is open to anyone.

Buffett’s company, Berkshire Hathaway, has teamed up with Dan Gilbert, the owner of the Cleveland Cavaliers and Quicken Loans, to offer the bracket incentive. If there’s a winner – and that’s a big “if” – Buffett says it will be paid out in 25 annual installments of about $25 million.

“While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket onlie,” Buffett said in a news release. “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.”

If your bracket gets busted but is still “near perfect,” you might be eligible for one of 20 runner up prizes of $100,000 each, but those prizes have to be used toward buying or remodeling a home.

Organizers say more details on how to enter will be released closer to the start of the NCAA tournament, which tips off with Selection Sunday on March 16.

Updates can be found on the Quicken Loans facebook page and by following the Twitter hashtag #billionbracket.

Recent News

in Entertainment

Roseanne Barr says she’s going blind

roseanne

The "Roseanne" star, 62, says her "vision is closing in now."

in Viral Videos

WATCH: A proposal from the dog’s POV

15-overlay7

Who needs a selfie stick when you've got man's best friend?

in Music

Oops! Kirk Hammett loses cell phone with Metallica album ideas

kirkhammett

The lead guitarist is devastated after losing a phone containing more than 200 album ideas.

in Lifestyle, Viral Videos

300 strangers attend girl’s birthday party after classmates say no

16-overlay6

Every kid in Mackenzie Moretter's class turned down an invite to her 10th birthday party. What happened next is truly amazing.

in Music

Megadeth needs your help to make another album

mustaine

Band leader Dave Mustaine is ready to start work on the group's 15th studio album - and he has launched a crowdfunding campaign to get it underway.