$1 billion offered for perfect NCAA tournament bracket

$1 billion offered for perfect NCAA tournament bracket

Credit: Quicken Loans

Quicken Loans announced Tuesday that it's teaming with investor Warren Buffett's Omaha, Neb.-based Berkshire Hathaway on the "Billion Dollar Bracket Challenge."

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by Associated Press

khou.com

Posted on January 22, 2014 at 11:06 AM

DETROIT — Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup.

But there's now a $1 billion prize waiting for anyone able to pull off the feat this spring.

Quicken Loans announced Tuesday that it's teaming with investor Warren Buffett's Omaha, Neb.-based Berkshire Hathaway on the "Billion Dollar Bracket Challenge."

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.

This year's men's Final Four will be held in Arlington at AT&T Stadium.

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Online:

http://www.quickenloans.com

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