Grand Prize will consist of one billion dollars ($1,000,000,000) USD, payable over the course of forty years in forty 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.

(20) First Prize Winners will each receive $100,000. The First Prize will be delivered to the First Prize Winners in the form of a check.

Total ARV of all Prizes available to be won is $1,002,000,000.

Open only to legal residents of the 50 United States and the District of Columbia who: (a) are 18 years of age or older as of the time of entry and located within the 50 United States and the District of Columbia at the time of Entry (including United States military personnel or contractors entering from within a U.S. military installation); (b) as of January 1, 2014 and continuing through the entire Entry Window, a mobile (or landline) telephone owner under a continuing contract with a service provider for telephone service; (c) that has Internet access prior to the start of the Entry Window and (d) have a valid and working email address during the Entry Window. Internet access is defined to include owning a computer or mobile device with access to the Internet or the ability to use a free computer/mobile device and Internet access provided by a third-party, such as a public library. Eligible persons are not permitted to buy a computer, mobile device/telephone, telephone service or Internet access solely for the purpose of being able to enter the Challenge. You must also have a free Yahoo ID in order to be eligible to participate.

LIMIT OF A MAXIMUM OF ONE CHALLENGE ENTRY BRACKET (ONE ENTRY) PER PERSON IN THIS CHALLENGE. ONE PERSON PER YAHOO ID.
You will not be able to populate your Challenge Entry Bracket with your picks for the Tournament until after the Tournament seedings have been announced on Sunday, March 16, 2014 at approximately 6:30 p.m. US Eastern Daylight Time.

CHALLENGE ENTRY BRACKETS WILL ONLY BE ACCEPTED IN THE CHALLENGE FROM THE FIRST (15,000,000) ENTRANTS WHO COMPLETE THE REGISTRATION PROCESS AND VERIFY THEIR EMAIL ADDRESS (AS DETERMINED BY YAHOO).
If any scheduled game in the Tournament is not played for any reason, or if the Tournament seedings, matchups, or brackets are modified, altered or rearranged after the close of the Entry Window for any reason, then no Grand Prize will be awarded but First Prizes will still be awarded as set forth herein.