A Factory Worker Was One Pick Away From Winning $1 Million During March Madness

By on March 24, 2017 in ArticlesSports News

This March, employees of Berkshire Hathaway companies had the opportunity to win a lot of money by filling out a bracket. Any employee that correctly predicted every game of the first round would take home $1 million, while anyone who got the first two rounds completely right would win $1 million per year for life.

According to Berkshire chairman Warren Buffett, a factory worker in West Virginia received $100,000 for going the furthest out of the 96,108 brackets entered. However, that worker was one game away from taking home $1 million. He nailed the first 29 picks but had Marquette beating South Carolina. Instead, the Golden Eagles lost by 20.

Buffett said the worker almost didn't fill out a bracket. To go from barely getting an entry in on time to making $100,000 is a pretty good story. Still, that worker has to be kicking himself over not selecting the Gamecocks, who went on to upset Duke in the second round to make the Sweet 16 for the first time in program history.

Gregory Shamus/Getty Images

This was the second year of the Berkshire Hathaway contest, which is open to more than 360,000 employees who work at companies that fall under Buffett's holding company umbrella. Buffett has said he already has plans to run the contest again next year, as it brings all of the employees together.

The odds of getting every first round game correctly were 1 in 3,426 – surprisingly not that high. Scoring the $1 million every year for life is a bit more difficult. This year, the odds were 1 in 1,943,573.

Buffett certainly has plenty of money to spare. He's the second-richest person in the world, and his Berkshire Hathaway stock (Class A shares) is the most expensive in the world, currently trading at more than $250,000 per share.

For now, Buffett will get to hang onto his million dollars. Don't be surprised to see someone pick every team in the next few years, though. And when they do, they'll stand to earn a lot of money.

Articles Written by Joey Held
If there's a story anywhere in the world of music, sports, or entertainment, Joey wants to tell it. He's been freelancing since 2010, and prior to that, he attended the University of Miami, where he double majored in broadcast journalism and sport administration. A Chicago native, Joey currently resides in Austin, TX. Follow him on Twitter and Google+ and always feel free to suggest a song for his next karaoke performance.
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