"Buffett's company has specialized in unusual insurance risks for decades now. ... Quicken Loans will accept 10 million entrants to its contest." (Via KGO-TV)
According to Business Insider, the winner would get 40 annual installments of $25 million, or there's a $500 million lump-sum option. If more than one entrant has a perfect bracket, they'll have to share.
But what are the odds? You can probably guess — this is no free throw.
"You're wondering your chances of filling out a perfect bracket? It is 1 in 9.2 quintrillion [sic]. A lot of zeroes there. Quintrillion [sic]." (Via CNN)
Worth a shot, right? As one Sports Illustrated writer notes, "In this tough economy, it's fair to say that we could all use an extra billion dollars."