Once you have completed the Registration Process, you may create your bracket for the Challenge (a“Challenge Entry Bracket” or “Entry”). Only one (1) bracket will be designated the Challenge Entry Bracket. You may edit your Picks in your Challenge Entry Bracket at any time up until the close of the Entry Window.
- Grand Prize: The grand prize (“Grand Prize”) will consist of one billion dollars ($1,000,000,000) USD, payable over the course of forty (40) years in forty (40) equal annual installments of $25 million (“Annual Payment Option”). The Grand Prize Winner has the option, in the Grand Prize Winner’s sole discretion, to elect to receive a one-time payment of $500 million (“One-Time Payment Option”) instead of the 40 equal annual installments of $25 million. THE GRAND PRIZE WILL NOT BE AWARDED IF NO ELIGIBLE ENTRANT SUBMITS A PERFECT BRACKET.
- First Prize: The twenty (20) First Prize Winners will each receive one hundred thousand dollars ($100,000) (“First Prize”). The First Prize will be delivered to the First Prize Winners in the form of a check.
- Total ARV: Grand Prize and the First Prize are hereinafter referred to, individually, as a “Prize”. and collectively, as the “Prizes.”The total maximum value of all Prizes available to be won is one billion, two million dollars ($1,002,000,000).