If you weren’t planning on filling out a March Madness bracket this year, you may want to reconsider – Warren Buffet will give you a cool $1 billion if you manage a perfect bracket.
Buffett’s company, Berkshire Hathaway, has teamed up with Quicken Loans (founded by Cleveland Cavaliers owner Dan Gilbert) to give college basketball fans a shot at becoming a billionaire.
The chances of filling out a bracket with absolutely no mistakes is highly unlikely (one in 9.2 quintillion, to be exact) but if by some miracle someone actually pulls it off they will receive 40 annual installments of $25 million.
If they would rather forgo the installment plan, the winner would also have the option of settling for a $500 million lump sum. Either way, not a bad deal.
Even if nobody manages to get 100% of their picks right, Quicken Loans will be awarding $100,000 each to contestants with the 20 closest (but imperfect) brackets. The catch? That money will need to be put towards buying, refinancing or remodeling a home.
The contest – only open to U.S. citizens aged 21 or older – is free of charge and begins on March 3rd. There’s no official contest website provided as of yet but I would encourage you to keep an eye open for emerging details if you dream of becoming super rich.