Buffett Partners With Gilbert to Offer Unheard of Award
Feb 1, 2014
Dan Gilbert’s Quicken Loans teams up with Warren Buffett’s Berkshire Hathaway to offer the incredible $1 billion “March Madness” freeroll to all basketball fans.
In order to win, bettors have to fill out a perfect bracket, keeping in mind that the odds are not amazing – approximately 1 in 9.2 quintillion. If there is a winner, the prize would be paid in 40 annual installments of $25 million. The other option is to opt for an immediate $500 million lump sum payment. If it happens that there is more than one winner, the prize will be split.
Jay Farner, President and Chief Marketing Officer of Quicken Loans commented on this incredible gambling news: “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.
He added: “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.”
The chance to become a billionaire is waiting around the corner
Buffett, CEO of Berkshire Hathaway, discussed the opportunity to win without implementing any casino table manners: “Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so. While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online.”
The registration begins on 3rd March and will run until 19th March. All participants who register prior to the tournament selection process will receive their brackets in the evening of 16th March.