Million Dollar Dip Recipe takes less than ten minutes to make, and it is a taste explosion with crisp bacon bits, slivered almonds, sharp cheddar cheese, and green onions. It is always a crowd-pleasing appetizer and one of the first ones to go.

This amazing dip can be prepared a day in advance, making it ideal for the busy host or hostess. This is one of our favorite easy dip recipes, and it is perfect for the busy holiday season. Make a quick batch for game day or movie night. If you like this creamy dip, try homemade French onion dip, pizza dip, and buffalo chicken dip.
Ingredient Notes and Substitutions
See the complete list of ingredients below on the recipe card.
- Mayonnaise: My favorite mayo for this dip is Duke’s. I think it seals the deal on this recipe.
- Sharp cheddar: Use the large grate side of a box grater for the cheddar cheese but don’t go down the whole side. The shreds will be too long, so go down half the side.
- Slivered almonds: For added flavor and crunch, toast the almonds in a dry skillet over medium heat for about 4-5 minutes, tossing several times.
- Bacon: The easiest and most consistent place to cook bacon is in the oven. Cover a large baking sheet with parchment paper. Lay the bacon in a single layer on the paper. Bake in a preheated 375-degree oven for 15-18 minutes or until desired crispiness. Remove the bacon to paper towels to drain.
How to Make Million Dollar Dip
This is the summary version; for the complete list of ingredients and instructions, see the recipe card below.
Simply add the mayonnaise, shredded cheddar, slivered almonds, green onions, crisp bacon, fresh ground black pepper, and garlic powder to a medium bowl and stir to combine. Cover with plastic wrap and chill for at least 1 hour to let the flavors meld.
Preparation Tips and Storage
- If you like everything with an extra pop of flavor, try adding a little cayenne pepper, seasoned salt, or Cajun seasoning. Start with a very small amount and add in little increments, tasting each time.
- This dip should not sit out for more than 2 hours at room temperature, so plan accordingly. Or serve over a bowl of water with crushed ice in it, making sure that the water does not get in the dip.
- Store leftovers in an airtight container in the refrigerator for up to 3 days.
- I do not recommend freezing this dip.
Serve with buttery Ritz Crackers, thick kettle potato chips, pita chips, or pretzel chips. Try vegetables such as carrot and celery sticks, cucumber rounds, and baby bell peppers.
As a matter of fact, this dip tastes better when the flavors have time to co-mingle. So prepare this dip up to 24 hours in advance. Store in an airtight container in the fridge. Remove from the fridge about 30 minutes prior to serving to make it easier to spread on crackers or scoop on chips.
More Dip Recipes
Million Dollar Dip
Ingredients
- 1½ cups mayonnaise
- 1¼ cups shredded sharp cheddar
- ⅔ cup slivered almonds
- 4 green onions finely sliced
- 8 slices bacon cooked crispy and finely chopped
- ¼ teaspoon fresh ground black pepper
- ¼ teaspoon garlic powder
Instructions
- Add the mayonnaise, shredded cheddar, slivered almonds, green onions, bacon, fresh ground black pepper, and garlic powder to a large bowl and stir to combine.
- Cover and refrigerate for at least 1 hour to let the flavors meld.
Notes
- If you like everything with an extra pop of flavor, try adding a little cayenne pepper, seasoned salt, or Cajun seasoning. Start with a very small amount and add in little increments, tasting each time.
- This dip should not sit out for more than 2 hours at room temperature, so plan accordingly. Or serve over a bowl of water with crushed ice in it, making sure that the water does not get in the dip.
- Store leftovers in an airtight container in the refrigerator for up to 3 days.
- I do not recommend freezing this dip.
Nutrition
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https://www.smalltownwoman.com/wp-content/uploads/2019/05/Beth-1.pdf
Jennifer P
The name for this dip says it all. It is delicious, easy to make, and a new family favorite. Thanks for the recipe, Beth
Beth Pierce
You are most welcome, Jennifer.
Sue-Tanya McHorgh
This is so helpful, thank you! I love the idea of pairing it with a variety of chips and veggies for some texture and crunch. And knowing it tastes even better when made ahead is a game-changer for prepping in advance. Can’t wait to try it.
Michelle
Great dip! It was delicious. My girlfriends loved it. They took the recipe home!
Beth Pierce
Awesome! I am so happy that they liked it!
Brielle
This is a good one
Jaishree
I can taste why it’s called milliond dollar Dip—so rich and flavorful! Definitely adding this to my appetizer rotation. My kids love it, too!
Jais
This was absolutely irresistible! I love how simple yet indulgent it was—perfect for a quick party snack. My guests loved it.
Beth Pierce
Thanks, Jais! I am glad that you and your guests loved it.
Karen
This is soooo good…I love a good dip and this one is delicious. This is a must try for dip lovers. It is so delicious with rippled chips or kettle chips.
Beth Pierce
Thanks for the tip, Karen!
Stella Ann
This is the perfect name for this dip, because it absolutely tastes like a million bucks!
Kai
I added in a squeeze of lime for extra flavor and it turned out incredible, I love this recipe!
Beth Pierce
Thanks so much, Kai! Lime is such a great flavor enhancer.
Emily
This dip is a new favorite! I tried it with Dukes mayo, so good! This recipe is going to on repeat for all parties, it’s a crowd pleaser
Beth Pierce
Thanks Emily! So glad that you liked it.
Katherine
So easy, but this dip is always a winner!
Andrea
Simple ingredients and simple to make. Always have these staples in my home so can make this any time. A perfect appetizer or snack. No wonder it’s the first to be eaten.
Alisa Infanti
Million dollar taste in this dip!
GUNJAN
just in time for the long weekend. I am making this tonight as I have all the ingredients and this looks so delicious!