Big fan of March Madness? Think you have what it takes to fill out a perfect bracket? Well, good news is that if you pick a perfect bracket, Warren Buffett and Quicken Loans have teamed up to give you a billion dollars. That’s right, a billion. The payment options are as follows: “Any qualified entrant who correctly enters the contest and predicts the winners of every game in the tournament will share the total $1 billion prize paid in 40 annual installments of $25 million. Alternatively, the winner(s) may elect to receive an immediate $500 million lump sum payment or share in that lump sum payment if there is more than one perfect bracket submitted.”
To be eligible for the $1 billion grand prize, there are several rules for entrants:
- must be 21 years of age;
- a U.S. citizen;
- and one of the first 10 million to register for the contest.
- 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.
The contest will start on March 3rd!