Warren Buffett is offering $1 billion to anyone who fills out a perfect bracket for March Madness.
Buffett is partnering with Dan Gilbert's Quicken Loans.
The prize will be paid out in 40 annual installments of $25 million or one $500 million lump sum.
"It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill," Jay Farner, President and Chief Marketing Officer of Quicken Loans said in a statement. 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 odds are one in 9.2 quintillion to have a perfect bracket.