$1 Billion Offered For Perfect NCAA Tournament Bracket

DETROIT (AP) — 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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

One Comment

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Download Our App
Download Weather App

Listen Live