January 21, 2014
Warren Buffett and the dude from Quicken loans are offering $1 billion goddamn dollars to the person (or persons, see below) who fill out a ‘perfect’ 2014 Men’s NCAA Tournament bracket. Non-sports loving dancers and nuns need not apply.
The prize, if awarded, will be paid out in 40 annual installments of $25 million, reports Business Insider. If there’s more than one winner they’ll have to share. The winner or winners can also take or split up an immediate $500 million lump sum payment.
“It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill,” Jay Farner, President and Chief Marketing Officer of Quicken Loans said in a statement. He added: “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.”
In addition to the grand prize, Quicken will award $100,000 each to the contest’s 20 most accurate ‘imperfect’ brackets submitted by qualified entrants in the contest to use toward buying, refinancing or remodeling a home. Quicken will also donate $1 million to inner-city Detroit and Cleveland non-profit organizations. Quicken is based in Detroit, but Gilbert owns the Cleveland Cavaliers and the city’s Horseshoe Casino.
The odds are not ideal — a 1 in 9.2 quintillion chance — and probably worse odds if you know nothing about basketball. What we really need is a billion dollar dance off!
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