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      $1 billion offered for perfect tournament bracket

      <p>Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup.</p>


      Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup.


      But there's now a $1 billion prize waiting for anyone able to pull off the feat this spring.


      Quicken Loans announced Tuesday that it's teaming 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.


      Free registration for the contest will begin March 3 and run until March 19.

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