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Warren Buffett will give away $1 billion for a perfect March Madness bracket

Warren Buffett just took March Madness to the next level, to Warren Buffett level. The gajillionaire businessman has partnered with Quicken Loans to give away one billion dollars to any college basketball fan with a perfect bracket this March. According to Business Insider, the winner, hopefully me, will be paid out in 40 annual installments of $25 million or an immediate $500 million lump sum payment. The fun doesn’t stop there; the top 20 qualified participants will receive $100,000 toward buying, refinancing or remodeling a home.

Odds of filling out a perfect bracket are 1 in 9.2 quintillion, says USA Today.

So you’re telling me there’s a chance. YEAH.

Article written by Drew Franklin

I can recite every line from Forrest Gump, blindfolded. Follow me on Twitter: @DrewFranklinKSR

28 responses to “Warren Buffett will give away $1 billion for a perfect March Madness bracket”

  1. schwing

    a smart winner will just invest it right back into berkshire hathaway stock.

  2. Billionaire

    First thing I’m buying is RUPP season tickets

    1. Billionaire

      Or I might just buy RUPP

  3. raccoon

    Can you imagine the anxiety you would feel being perfect up until the Final Four or Championship? Would be pins and needles that weekend.

  4. atmoney

    If you made it to the national championship, would you hedge and bet at least a couple million on the other team?

  5. atmoney

    Guess you gotta find the cash first though

  6. Dwoos

    4. Didn’t even think of that but you have a million to bet a million. Got to put the money down first


    Challenge accepted!

  8. DH

    I don’t think I’ve ever been perfect through the first round! The article says it’s free to play, but doesn’t give many details. Can you fill out as many brackets as you like? Where do you go to fill out a bracket? I’m not expceting anybody to know the answers to these questions. I’m sure we’ll hear more towards the end of February

  9. ShagariObrzut

    What level are we at now if Warren Buffett level is the next level?

  10. fencepost

    I would take the Money and pay most of my Debt off or till I ran out of Money

  11. The Loco Pollo

    I’m filling mine out in Comic Sans.

  12. Doc Brown

    Great Scott! I need to get going on that time machine! Now where’s that blasted drawing of the flux capacitor?

  13. Teachable Mo'

    If I’m not here tomorrow it’s because I’m going to start filling out brackets.

  14. Linda Taylor

    Read this quote from the article. Do you have to have a Quicken loan or stock in Berkshire Hathaway to qualify as an entrant?

    “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.

    Read more:

    1. Linda Taylor

      Add to that this quote further down:

      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.

      Read more:

    2. DH

      It looks like they’ve changed the verbiage. It originally said it was free, now it’s saying “qualified entrants” but doesn’t suggest how you qualify.

    3. Linda Taylor

      It still says it costs nothing to enter, it just doesn’t specify what it takes to be a “qualified entrant.” There must be some way you have to qualify though. They may be trying to use this to attract new customers.

  15. Chicken

    If I’m perfect till the Elite Elite Eight I’m selling my picks to the highest bidder. On Ebay. In bitcoins.

  16. Chaz

    From the NY Daily News:

    “The odds of winning are one in 4,294,967,296”

    Warm up the checkbook, Mr. Buffett, someone may actually win that bet.

    Open Question: In the history of mankind, has anyone actually picked the winner/winners of all 63 games?

  17. Xzander

    1 down 9,223,372,036,854,775,807 to go!!!

  18. yargamel

    Buffett took that pledge to give away most of his money, so maybe this is just the start of an awesome series of challenges he’s going to start issuing every year.

  19. bmt22033

    Since Buffett thinks the “rich” don’t pay their “fair share”, he should be putting his money where his mouth is and sending it to the US Treasury. Lead by example, if you will…

  20. Fitch Slap

    You have a better chance of winning the Mega Millions several times than ever filling out a perfect bracket… While we are talking about it, I too will give away $1 billion to anybody who fills out a perfect bracket! Now give me publicity and write articles about me too!

  21. Fitch Slap

    By the way, 9.2 quintillion speaks to the number of possible bracket combinations. The 1 in 9.2 quintillion probability would be correct if you just blindly picked teams and had absolutely no information as to which teams were playing in a particular game, any of the team’s seed, etc. Even if you had the most basic knowledge of college basketball the odds of a perfect bracket would drop considerably, but you still wouldn’t sniff the $1 billion.

  22. KD

    Chances of winning are about the same as scoring with the fans of the day.

  23. gina

    When I first heard about the contest I thought Mr. Buffet was giving a billion to a contestant who had
    the most promising plan on how to spend it to make a difference for people.

    I’ve always wondered why billionaires don’t spend more of their money to help those who are hungry, without shelter, medical care and educational opportunity.

  24. Ramona Parker

    I would love to win so I can get health insurance and take care of my grandsons and pay for all his diabetic insulin he is six years old and I would pay all my debt and my family’s debt