Yes you read that right. There is a new site giving away 1 billion US dollars http://grab.com
Here are the rules in short. Can get the full rules at the site.
Billion Dollar Sweepstakes: GRAND PRIZE PAYABLE IN 20 ANNUAL INSTALLMENTS OF US $5,000,000 EACH, FOLLOWED BY 10 ANNUAL INSTALLMENTS OF US $10,000,000 EACH, FOLLOWED BY 9 ANNUAL INSTALLMENTS OF US $20,000,000 EACH, FOLLOWED BY A BALLOON PAYMENT OF US $620,000,000 IN THE 40TH YEAR, WITHOUT INTEREST. ODDS 1:2,404,808,340. NO PURCHASE NECESSARY.
Offered and open only in the United States and Canada to natural persons, at least 13 or older, and in the United Kingdom to natural persons at least 18 or older, who are legal residents of the foregoing countries. Void in Florida, Quebec, Puerto Rico and where otherwise prohibited. Ends 11:59:59 p.m. (ET) 12/26/00 11:59:59 PM. By entering you acknowledge that you have read the Billion Dollar Sweepstakes rules and agree to be bound by them.