Other places have offered $1 million before for having a perfect bracket, without having to pay anything to enter.
Let's consider the odds:
there are 68 teams in a single elimination tournament, so 67 games. Assuming equal odds for either team to win any game that's a 1 in 2^67 chance of having a perfect bracket. That's 1 in 147,600,000,000,000,000,000 (rounded). Factoring out the improbable outcomes probably take you down to 2^40 or 2^50. 1 in 2^40 is 1 in 1.1 trillion. You have a better chance of becoming a billionaire by randomly finding a billion dollars lying on the ground somewhere.
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