Quicken Loans and Warren Buffett’s Berkshire Hathawa offer one billion dollar challenge for Perfect College Basketball Bracket.
The nation’s fourth largest mortgage lender, Quicken Loans, which has joined forces with Warren Buffett and Berkshire Hathaway to offer a chance at a $1 billion prize for completing the perfect bracket in this March’s men’s college basketball championship tournament.
Warren Buffett’s Berkshire Hathaway insures grand prize while nation’s fourth largest mortgage lender guarantees an additional $2 million in prizes for 20 most accurate brackets submitted nationwide and $1 million for funding of inner-city educational efforts
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.
“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, President and Chief Marketing Officer of Quicken Loans. “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”
I think this contest is just an advertise of Quicken Loans because I have never heard of this company before. Also it wants people to like them on Facebook, so people can receive the advertising in the future. I will still going to try it because it is a chance to get one billion dollar free.
Contest begins at 12:01 a.m. Eastern Standard Time (“EST”) on March 3, 2014 and ends at 12:00 p.m. Eastern Standard Time (“EST”) on March 19, 2014 One entry per household.
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