Warren Buffett, Dan Gilbert Offering $1 Billion for Perfect NCAA Bracket

It looks like NCAA bracket prediction games are going to the next level this March. Warren Buffet’s Berkshire Hathaway and Quicken Loans — run by Cavaliers owner Dan Gilbert — have teamed up for the most lucrative-sounding sports contest in history. If you’re somehow able to pull off a perfect NCAA bracket you could win a billion dollars. That’s billion, with a “b.” (I’ll spare you a terrible Dr. Evil joke.)

Yahoo! Finance has the full details on the aptly named “Billion Dollar Bracket Challenge”:

"Any qualified entrant who correctly enters the contest and predicts the winners of every game in the tournament will share the total $1 billion prize paid in 40 annual installments of $25 million. Alternatively, the winner(s) may elect to receive an immediate $500 million lump sum payment or share in that lump sum payment if there is more than one perfect bracket submitted."

The contest will also award 20 people $100,000 dollars with the next best “imperfect” brackets. The challenge looks like it will be run by a separate site and you’ll have until March 19 to sign up.

According to a Yahoo! blog post earlier this year the odds in nailing all 63 games (sans play-in games) is 1 in 9,223,372,036,854,775,808.

If somebody nails all 63 games correctly and there isn’t a giant over-sized check written out in comic-sans font, then we’ve failed as a species.