(CNN) - Billionaire Warren Buffett is offering a huge annual prize for his March Madness bracket challenge.
Buffet says an employee at his company, Berkshire Hathaway, will get $1 million a year for life if they come up with the perfect bracket.
But Buffett's not stopping there. He told CNBC that if a team from his home state of Nebraska wins the national title, he'll up the prize to $2 million.
Berkshire Hathaway employees don't have to get the perfect bracket to bring home some extra cash. Buffet gives $100,000 to whoever can keep their bracket intact the longest.
He first held the bracket competition in 2014 with a grand prize of $1 billion.
No one won.
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