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I just googled BILLION DOLLAR BRACKET
Odds are one in 4,294,967,296 or one in 9,223,372,036,854,755,808 depending on who is calculating.
The contest is backed by Quicken Loans and Warren Buffet, so yes, they have the money.
Better hurry to register, only the first 15 million registrations will be accepted.
One more thing: the top 20 imperfect but closest brackets get $100,000.