Today's Evil Beet Gossip

Warren Buffett’s Million-Dollar NCAA Bracket Challenge

Warren Buffett is offering $1 million every year for life to any of his employees who can pick a perfect NCAA tournament bracket through the Sweet 16. This year, the March Madness stakes are even better: Buffett said he’ll double the prize if a team from his home state of Nebraska takes the title.

For Buffett, it’s a pretty safe bet. Of the 18.8 million brackets filled out on ESPN last year, only 18 got the Sweet 16 right. In the four years Buffett has run similar contests, no one has taken home the grand prize.

He’s done this a few years now, but I just don’t get it from him. Like it seems so wasteful out of him. You know? Like purposeless, other than, of course, to change someones life forever, but he’s always struck me as someone who would think unearned millions were the root of evil. He’s not leaving more than a few million to his kids for that reason.

ast year, the offer was the same: $1 million every year for life for a perfect bracket, or $100,000 for the best bracket. A West Virginia steel worker named Dwayne Johnson came tantalizingly close to winning the grand prize, correctly predicting 31 out of the first 32 games. He won the $100,000 prize for having the bracket that stayed intact the longest.

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