Who Wants to Be a Billionaire?
Many things seem more likely than filling out a perfect March Madness bracket: finding a Pikachu, uncracking an egg, or receiving an acceptance letter from Hogwarts, to name a few.
Warren Buffett, the world’s fourth richest-person, has issued an intriguing challenge — if anyone fills out a flawless bracket come March, he will give them one billion dollars.
No, that was not a typo. Warren Buffett has teamed up with Quicken Loans to create the “Billion Dollar Bracket Challenge”, making March Madness even wackier.
Quicken Loans, the world’s largest online retail mortgage lender, announced that anyone who tackles this colossal feat will receive $25 million annually for 40 years.
“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” said Buffett.
What are the odds of filling out a perfect bracket? 1 in 9 quintillion. The odds aren’t exactly favorable, especially with the restriction of just one entry per household.
If there isn’t anyone that correctly picks every matchup — which I highly doubt there will be — Quicken Loans will award the 20 most accurate contestants with $100,000 each to go towards buying, refinancing, or remodeling a house. While this isn’t quite as enthralling as $1 billion, it would still be quite a nice award.
Over the past 16 years, about 30 million brackets have been entered in ESPN’s Tournament Challenge — not a single one has been perfect.