The Quicken Loans Billion Dollar Bracket Challenge may not be worth it, with grim odds of winning the grand prize as the sponsoring companies rake in your information.

Quicken Loans Billion Dollar Bracket Odds

The contest stipulates that the person to fill out a perfect NCAAA men’s tournament bracket will win a cool $1 billion. However, the odds of winning that prize are just 1: 9,223,372,036,854,775,808, according to the official rule book. Furthermore, in the 13 years that ESPN has conducted March Madness contests, no one has ever completed a perfect bracket.

Although the $1 billion is more than likely out of reach, Quicken does offer a $100,000 prize to the top 20 brackets out of the first 15 million entries. The odds of winning one of the $100,000 prizes is significantly better, with odds around 1:750,000. The question remains, though – is it worth it?

In order to enter into the Quicken Loans Billion Dollar Bracket Challenge, you have to sign up for a Yahoo account. For Quicken’s sake, you also have to give a bunch of personal information, including your real estate plans. Both Yahoo and Quicken certainly benefit from the challenge, millions of times over.

It must be said, that although the odds of winning the grand prize are far and away worse than the odds of winning a state lottery, the $100,000 prize isn’t too far out of reach. The challenge might be mislabeled, but it still produces winners.

h/t The New York Times

– Chelsea Regan

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