Billion Dollar Prize Offered for Predicting NCAA Basketball Res - Los Angeles News | FOX 11 LA KTTV

Billion Dollar Prize Offered for Predicting NCAA Basketball Results

Posted: Updated:

(FOX 11/ AP) Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup. There's now a $1 billion prize waiting for anyone able to pull off the feat this Spring.

Quicken Loans Inc. announced Tuesday that it will team with investor Warren Buffett's Omaha, Neb.-based Berkshire Hathaway on the "Billion Dollar Bracket Challenge."

The Detroit-based mortgage lender says any qualified entrant who correctly predicts the winners of every game in the tournament will be paid in 40 annual installments of $25 million. A winner also can elect to receive an immediate $500 million lump-sum payment or share in that payment if there's more than one perfect bracket submitted.

Submissions are limited to one per household.

  • California Sports HeadlinesCalifornia Sports HeadlinesMore>>

  • Angels rally in 10th for 4-3 win over Oakland

    Angels rally in 10th for 4-3 win over Oakland

    Howie Kendrick drove in Albert Pujols with a sacrifice fly in the 10th inning, and the Los Angeles Angels opened a two-game lead atop the major league standings with a 4-3 victory Thursday night over the Oakland...
    Howie Kendrick drove in Albert Pujols with a sacrifice fly in the 10th inning, and the Los Angeles Angels opened a two-game lead atop the major league standings with a 4-3 victory Thursday night over the Oakland Athletics,...
  • San Jose State beats North Dakota 42-10

    San Jose State beats North Dakota 42-10

    Blake Jurich threw three touchdown passes, ran for another score and San Jose State beat North Dakota 42-10 on Thursday night.
    Blake Jurich threw three touchdown passes, ran for another score and San Jose State beat North Dakota 42-10 on Thursday night.
  • Carr's 3 TDs lead Raiders past Seahawks 41-31

    Carr's 3 TDs lead Raiders past Seahawks 41-31

    Rookie Derek Carr threw three touchdown passes to make a case he should be Oakland's starting quarterback, and the Raiders wrapped up the preseason with a 41-31 victory Thursday night over the Seattle Seahawks.
    Rookie Derek Carr threw three touchdown passes to make a case he should be Oakland's starting quarterback, and the Raiders wrapped up the preseason with a 41-31 victory Thursday night over the Seattle Seahawks.
  • Los Angeles & SoCal SportsMore>>

  • NFL Increases Penalties For Domestic Violence With Players

    NFL Increases Penalties For Domestic Violence With Players

    Thursday, August 28 2014 3:51 PM EDT2014-08-28 19:51:29 GMT
    NFL players will be subject to a six-week suspension for a first domestic violence offense and banishment from the league for a second under a new policy outlined by Commissioner Roger Goodell.
    NFL players will be subject to a six-week suspension for a first domestic violence offense and banishment from the league for a second under a new policy outlined by Commissioner Roger Goodell.
  • USC's Josh Shaw Admits He Fabricated Story About Rescue

    USC's Josh Shaw Admits He Fabricated Story About Rescue

    Thursday, August 28 2014 9:56 AM EDT2014-08-28 13:56:27 GMT
    USC Senior Cornerback Josh Shaw admits he lied. He told USC officials that he fabricated the story about rescuing his nephew in a pool in Palmdale, California. 
    USC Senior Cornerback Josh Shaw admits he lied. He told USC officials that he fabricated the story about rescuing his nephew in a pool in Palmdale, California. 
  • USC Cornerback's Feelgood Story Takes A Contradicting Turn

    USC Cornerback's Feelgood Story Takes A Contradicting Turn

    Tuesday, August 26 2014 11:03 PM EDT2014-08-27 03:03:58 GMT
    In just hours, the feel good story of how USC football player Josh Shaw heroically saved his nephew from possibly drowning had made it's way around the world. But as quickly as the news spread, something else happened.
    In just hours, the feel good story of how USC football player Josh Shaw heroically saved his nephew from possibly drowning had made it's way around the world. But as quickly as the news spread, something else happened.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices