The HGTV Dream Home sweepstakes has something in common with Warren Buffet's $1 billion March Madness contest: Both winning opportunities are benefiting from some Quicken Loans funding. In the case of the home and garden company it is the $250,000 cash their dream home winner will receive in addition to the $2 million valued Lake Tahoe residence. In the case of the March Madness contest it involves a whole lot more money for the grand prize winner ($1 billion dollars, to be exact) and at least $100,000 each for 20 more contest participants, according to the Huffington Post on Jan. 21.
And while headlines tout Warren Buffet as the financial backer of this billion-dollar opportunity for sports fans, Quicken is advertising the contest name as the Quicken Loans Billion Dollar Bracket Challenge, making some unsure just who is behind this gigantic winning opportunity.
The Huffington Post clears up that mystery, telling their readers that Quicken Loans was founded by Cleveland Cavaliers owner Dan Gilbert and that Warren Buffet's Berkshire Hathaway company is merely partnering with Quicken to give away a billion dollars to whomever can accurately predict every winner for the 2014 Men's NCAA Tournament bracket in March.
It's a feat no one actually thinks will be accomplished based upon statistical data about how hard it will be to win. Odds of 1 in 128 billion are against you, and that's if you know sports like the back of your hand. You actually have a better chance of winning a dream home from HGTV or Publishers Clearing House than this financial sports jackpot. But you should still try anyway, as it doesn't cost anything to enter!
And if winning at least a million dollars by just submitting an online entry is your thing, consider the PCH $1 Million-A-Year Forever prize sweepstakes, which will be awarded to one lucky person days before the March Quicken Loans Billion Dollar Bracket contest even begins. And it is free to enter too.