Skip to content

How a perfect NCAA tournament bracket will win you a billion dollars

Jan 21, 2014, 2:48 PM EDT

Warren Buffett wants to give you a billion dollars.

With a ‘B’.

And he wants to do it if you manage to fill out a perfect bracket for the NCAA tournament.

Seriously. Quicken Loans is sponsoring the Billion Dollar Bracket Challenge, and Buffett is the CEO of Berkshire Hathaway, the company insuring the grand prize.

“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.”

Anyone with a perfect bracket will win either $500 million up front or $25 million a year for the next 40 years. If no one wins, the top 20 brackets will receive $100,000.

“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” said Buffett.  “While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online.  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.”

Latest Posts
  1. Report: New Mexico State’s Sim Bhullar to enter 2014 NBA Draft

    Apr 16, 2014, 8:57 PM EDT

    Sim Bhullar, Barndon Ashley AP

    According to a report, New Mexico State center Sim Bhullar will forego his final two seasons of eligibility to turn pro.

  2. USC guard Byron Wesley to transfer for final season of eligibility

    Apr 16, 2014, 8:24 PM EDT

    Byron Wesley, Jarett Upchurch AP

    After leading USC in scoring last season, Byron Wesley announced that he’ll be transferring after graduating this summer.

  3. Arizona State guard Jahii Carson officially entering NBA Draft

    Apr 16, 2014, 7:25 PM EDT

    carson AP

    Arizona State’s Jahii Carson made official the news that’s been known since October: he’ll be entering the 2014 NBA Draft.

  4. Former Northwestern wing Kale Abrahamson transferring to Drake

    Apr 16, 2014, 6:32 PM EDT

    Kale Abrahamson AP

    Former Northwestern guard/forward Kale Abrahamson will finish out his career in his home state.

  5. UCLA’s Kyle Anderson, Zach LaVine officially enter 2014 NBA Draft

    Apr 16, 2014, 5:31 PM EDT

    Getty Images Getty Images

    UCLA’s Kyle Anderson and Zach LaVine made official their decisions to enter the 2014 NBA Draft.

  6. Purdue center A.J. Hammons will return for junior season

    Apr 16, 2014, 4:40 PM EDT

    A.J. Hammons AP

    After considering leaving school to enter the NBA Draft, Purdue’s A.J. Hammons will return for his junior season.

  7. It’s beyond time for college basketball to return to NBA’s early entry calendar

    Apr 16, 2014, 4:00 PM EDT

    Jerami Grant AP

    Three years after shortening the time players have to make a decision regarding the NBA, it’s time for the NCAA to re-adopt the NBA’s pre-draft calendar.

  8. Report: Butler’s Rene Castro to transfer to Duquesne

    Apr 16, 2014, 2:30 PM EDT

    The Dukes have landed the for Massachusetts Player of the Year.

  9. Former Alabama player Devonta Pollard receiving interest from Kentucky

    Apr 16, 2014, 1:45 PM EDT

    AP Photo AP Photo

    There may not be a recruit with a more interesting back story that Devonta Pollard.

  10. Kansas State secures head coach Bruce Weber through 2019

    Apr 16, 2014, 12:15 PM EDT

    Bruce Weber Bruce Weber

    Getting Kansas State to the NCAA tournament earned Bruce Weber an extension.

  11. Olivier Hanlan to return to Boston College

    Apr 16, 2014, 11:49 AM EDT

    hanlan Getty Images

    Jim Christian wins his first recruiting battle as the head coach at BC.

  12. 2014 NBA Draft: What early entry decisions are we still waiting for?

    Apr 16, 2014, 11:26 AM EDT

    rodneyy hood Getty Images

    What Early Entry decisions will have the biggest impact on the 2014-2015 college basketball season?

  13. Hoop Summit mixtape for Jamal Murray, Canada’s next star (VIDEO)

    Apr 16, 2014, 10:20 AM EDT

    Jamal_Murray___POTW___Story3

    The next big thing to come from Canada isn’t going to be all that big.

  14. SMU and Gonzaga close to agreement for home-and-home beginning this season

    Apr 15, 2014, 10:13 PM EDT

    AP AP

    The Mustangs and Bulldogs are looking to meet in a home-and-home series.

  15. Royce Woolridge to transfer from Washington State

    Apr 15, 2014, 7:08 PM EDT

    Royce Woolridge Royce Woolridge

    Washington State loses three players, including a starting guard.

Featured video

Derrick Gordon says 'Why not me?'