Buffett’s March Madness Million: Is This Your Year to Win?

Maybe remote work and dress codes are changing. But some things stay the same. Like the office March Madness bracket. The college basketball tournament tips off soon.

But here’s the deal. If you work for Warren Buffett’s Berkshire Hathaway? Nobody’s won the company challenge in ages. And Buffett, at 94, wants to give away some cash!

“I’m getting older,” Buffett told The Wall Street Journal. “I want to give away a million dollars to somebody while I’m still around as chairman. ”

How It Works (Normally)

Usually, you chip in a few bucks. Fill out a bracket. Try to guess which teams will win. As teams get knocked out, you hope your picks are right. The person with the most correct guesses wins the pot.

But at Berkshire Hathaway? It’s a little different.

The Berkshire Hathaway Twist

It’s free to enter. (Last year, around 65,000 employees played. ) And second? You mostly just need to focus on the first round.

Here’s why no one wins. Usually, you needed a perfect first-round bracket. Ouch. But this year, it’s easier.

The New Rules

Pick at least 30 of the 32 first-round game winners. Boom! One million dollars. There can only be one winner. If more than one person gets 30+ right? Tiebreakers will happen. But, runners-up get $100,000 each!

It’s happened before, almost. Back in 2017, five brackets got 31 out of 32 right. But that year, you needed perfection.

What If No One Wins?

If Buffett’s hopes are crushed? A $250,000 “consolation prize” goes to whoever picks the most winners overall.

“I hope it’s this year,” Buffett said. “We made it easier this year than ever. ”