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NCAA March Madness $1 billion bracket: Warren Buffett, Quicken Loans look for perfect bracket

Brian Flood
By Brian Flood @briansflood
on Mar 13, 2014 10:38 AM EDT
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Cash
Win money by playing internet NCAA Tournament pools. It's simple.

Warren Buffett, the Chairman and CEO of Berkshire Hathaway, is partnering with Dan Gilbert’s Quicken Loans and offering $1 billion to anyone that fills out a perfect NCAA tournament bracket.

The prize will be paid out in 40 annual installments of $25 million. If there are multiple winners (no chance that happens) they'll have to share the money. The winner(s) can also take or split up an immediate $500 million lump sum payment.

So you’re saying there is a chance? Yeah… a 1 in 9.2 quintillion chance. Seriously, you have a 1 in 9.2 quintillion chance of picking a perfect bracket.

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Buffett went on ESPN Radio to discuss the situation:

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