Billionaire investor Warren Buffet wants to test your March Madness skills. He’s teaming up Cavs owner Dan Gilbert for the ultimate golden ticket—$1 billion dollars for a perfect bracket.
Now, to be clear, a perfect bracket is near impossible. The odds are 1 in 9.2 quintillion. A quintillion is a made up number I think. It’s like saying 1 zillion or 1 jillion.
Anyway, should someone win, they’ll receive an annuity of sorts, 40 payments of $25 million. Boo. I want that in a lump sum bitch.
Here are details of the contest.
Free registration for the ‘Quicken Loans Billion Dollar Bracket’ will begin on Monday, March 3rd, 2014 and runs until Wednesday, March 19th, 2014. All participants registering prior to the tournament selection process will receive their brackets the evening of Sunday, March 16, 2014 when entrants can begin filling out their bracket.
To be eligible for the $1 billion grand prize, entrants must be 21 years of age, a U.S. citizen and one of the first 10 million to register for the contest. At its sole discretion, Quicken Loans reserves the right and option to expand the entry pool to a larger number of entrants. Submissions will be limited to a total of one per household. All qualified entrants are eligible for the 20 1st prize awards of $100,000 for selecting the competition’s top 20 most accurate “imperfect” brackets.
Oh, I’m sorry, you have a perfect bracket and you’re Canadian? That’s too bad. No billion for you.
This whole thing is genius by the way. Get thousands of people on a site—sell millions of dollars in ads around it. Make small payout to minor winners.
Genius.
And you wonder why Buffet is a billionaire.