Billionaire Warren Buffett Offers The March Madness Bracket Contest Winner $1 Million Per Year

Warren Buffet, CEO of Berkshire Hathaway, offers $1 Million per year for life to the winner of the March Madness bracket challenge. The rules are very simple. Anyone who can pick the last 16 teams in the 2019 NCAA Tournament will win the mega prize every year. And employees of Buffett’s Berkshire Hathaway are only eligible to win his March Madness bracket challenge.

“We always have a sure winner,” he said on CNBC. “Last year, it’s true the favorites got knocked out early. But we did split — there’s a $100,000 consolation prize for whoever does the best. Now, that got split eight ways last year. But the year before, we had five people that came within one game and just to the last games of winning the million-dollar prize. Now, if they’d won the million, they would have had to have split it if all five had won it. But there’s a million-dollar prize. And we’re going to do it again this year.

According to Jonathan Mattingly, a math professor at Duke University, the odds of someone picking a perfect bracket are one in 2.4 trillion. Not a single worker won the contest last year but there were eight employees who survived the longest and split a $100,000 consolation prize.

Copyright 2018 THINK ALOUD