Every won an office pool during March Madness? Think you can fill out a perfect bracket? This year if you are in Warren Buffet’s pool and you have a perfect bracket, you will become ONE BILLION DOLLARS richer.
In a contest set up by Quicken Loans and backed by Warren Buffet, owner of Berkshire Hathaway, if anyone who enters their prize pool (early reports are there might be a limited number of entries allowed) achieves perfection and picks all the games correctly for the entire NCAA Men’s Basketball Tournament, s/he will receive ONE BILLION DOLLARS paid out in 40 annual installments of $25 Million per year.
Warren Buffet says he cheers for the Creighton Blue Jays, both are in Omaha, Nebraska. Buffet was the first person to put Omaha on the map; Peyton Manning of the Denver Broncos being the second, more recent person. Buffet said he ran the numbers as to the likelihood someone might fill out a perfect bracket and win, when asked what he thought the estimated odds were, he said, “I am not telling you that”.
The billionaire business owner has agreed that if anyone is one game away, the championship game played on April 7th, from being perfect, he will go with them to the game, which will be played in AT&T Stadium in Texas, the same place where the Dallas Cowboys play. Buffet does admit, however that he would be rooting for whatever team would cause the contestant to lose the contest, conceding he does not really want to write a one billion dollar check.
Quicken Loans has said that the 20 more accurate “imperfect” brackets submitted will win $100,000 to use toward buying, refinancing or remodeling a home. If you are looking to hit it big, look for the Billion Dollar Bracket Challenge website, schedule to go live a minute after midnight on March 3rd. The NCAA Men’s Basketball Tournament starts play on March 18th.