Little Caesars offering free pizza lunches today after losing March Madness bet

Little Caesars lost a March Madness bet, so now a free lunch is in order.

The restaurant said it would give out free lunch boxes if a No. 16 seed beat a No. 1 seed in the NCAA Tournament.

That happened on March 16 for the first time ever -- the University of Maryland, Baltimore County, defeated the Virginia Cavaliers 74-54.

Little Caesars will give out $5 Hot-N-Ready pizza combos at no cost Monday, April 2 from 11:30 a.m. to 1 p.m., while supplies last. They include a deep dish pepperoni pizza and a 20-ounce Pepsi product.

Limit one per family.

See more terms and conditions here.