Billionaire Warren Buffet, with Quicken Loans, is offering a prize of $1,000,000,000 - that's 1 billion dollars - to the person who fills out the entire bracket of March Madness perfectly. And if there is no perfect bracket submitted and no winner of the billion dollar prize, then 2 million dollars will be split among the top 20 brackets filled out - each will get $100,00, but only for use in buying, remodeling or refinancing a home.
Forbes says the odds of winning are 1 in 4,294,967,296, while Business Insider says the odds are 1 in 9.2 quintillian. You can check out the Forbes article for all the tax details of such a windfall. It is going to be free to enter the contest, so despite the bad odds there is no risk in trying - worse odds than playing the lottery but less risk.
Only one entry per household will be allowed, and entry will be possible from March 3rd. See the Quicken Facebook page for more details..
Start studying up now on the teams so you will be ready when March comes rolling around...
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