Billion Dollar Bracket Contest

Billion Dollar Bracket Contest

*UPDATE Feb. 12: Don’t miss out on your chance to win! Visit QuickenLoansBracket.com to submit your email address and we’ll provide you with exciting updates and a reminder email once registration opens on March 3.

You could be America’s next billionaire if you’re the grand prize winner of the Quicken Loans Billion Dollar Bracket Challenge.

You read that right: one billion. Not one million. Not one hundred million. Not five hundred million. One billion U.S. dollars. All you have to do is pick a perfect tournament bracket for the upcoming 2014 tournament. That’s it. Guess all the winners of all the games correctly, and Quicken Loans, along with Berkshire Hathaway, will make you a billionaire. The official press release is below.

The contest starts March 3, 2014, so we’ll soon have all the info on how and when to enter your perfect bracket. Good luck, my friends. This is your chance to play in perhaps the biggest sweepstakes in U.S. history. It’s your chance for a billion. Oh, and by the way, the 20 closest imperfect brackets will win a cool hundred grand to put toward their home (or new home). Plus, in conjunction with the sweepstakes, Quicken Loans will donate $1 million to Detroit and Cleveland nonprofits to help with education of inner city youth. So, to recap: If you’re perfect, you’ll win a billion. If you’re not perfect, you could win $100,000. The entry period begins Monday, March 3, 2014 and runs until Wednesday, March 19, 2014.

If you’re perfect, you’ll win a billion. If you’re not perfect, you could win $100,000.

Stay tuned on how to enter. Here’s a little more information concerning the Billion Dollar Bracket Challenge: Detroit-based Quicken Loans, the nation’s fourth largest mortgage lender, 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. 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.” In addition to the potential grand prize, Quicken Loans 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.

In conjunction with the Billion Dollar Bracket Challenge, Quicken Loans will also be directly donating $1 million to inner-city Detroit and Cleveland non-profit organizations that are dedicated to improving the education of young Detroit and Cleveland residents. “Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” added Buffett, chief executive officer of Berkshire Hathaway, who is insuring the contest’s grand prize. ”While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online. To quote a commercial from one of my companies, I’d dare say it’s so easy to enter that even a caveman can do it.”

Free registration for the Quicken Loans Billion Dollar Bracket will begin on Monday, March 3, 2014 and run until Wednesday, March 19, 2014. All participants registering prior to the tournament selection process will receive their brackets the evening of Sunday, March 16, 2014 when entrants can begin filling out their bracket. To be eligible for the $1 billion grand prize, entrants must be 21 years of age, a U.S. citizen and one of the first 10 million to register for the contest. At its sole discretion, Quicken Loans reserves the right and option to expand the entry pool to a larger number of entrants. Submissions will be limited to a total of one per household. All qualified entrants are eligible for the 20 first prize awards of $100,000 for selecting the competition’s top 20 most accurate “imperfect” brackets.

Full contest rules along with more information about the Quicken Loans Billion Dollar Bracket challenge will be released and published in the days and weeks leading up to the men’s collegiate March championship tournament.

For contest updates, and to share what you would do with a billion dollars, visit Facebook.com/QuickenLoans and on Twitter using the hashtag #billionbracket.

Good luck. Tell us what you’d do with a billion bucks! NO PURCHASE NECESSARY TO ENTER. A PURCHASE WILL NOT IMPROVE CHANCES OF WINNING. Eligibility: open to legal residents of 50 United States and DC, 21 or older.

Contest Entry Period: March 3, 2014 to March 19, 2014. One entry per household.Prizes: Grand Prize of $1 Billion for perfect bracket in 2014 college basketball tournament (only available to first 10,000,000 registrants but, at its sole discretion, Sponsor reserves the right to expand the entry pool for the Grand Prize to a larger number of registrants); and twenty (20) First Prizes of $100,000 each to the owners of the top twenty scoring brackets.

Odds: Grand Prize – 1:9,223,372,036,854,775,808

Winners determined after end of tournament. Prize Conditions: Grand Prize payable over course of 40 years in annual payments of $25 million. Grand Prize Winner may elect to receive a one-time payment of $500 million. Odds: Grand Prize – 1:9,223,372,036,854,775,808, which may vary depending upon the knowledge and skill of entrant; First Prize – odds of winning depend on number and quality of entries received. Winners List: available upon verification of winners, send request to Sponsor:

Quicken Loans Inc., 1050 Woodward Avenue, Detroit, MI 48226. Further details and Official Rules will be available on the Billion Dollar Bracket Challenge website when activated for registration on March 3, 2014. Read more at QuickenLoansBracket.com

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