Million Dollar Dip

Annie Lampella @ Ketofocus

By Annie Lampella, Pharm.D.

Published October 9, 2022 • Updated February 3, 2026

An insanely addicting dip packed with flavor

This post may contain affiliate links. See my disclosure policy.

This keto-friendly dip is packed with bacon, cheese, and almonds for bold flavor that tastes like a million bucks.

This low-carb dip recipe is perfect for parties, game day, tailgating, or just to snack on any day of the week. I whip up this Million Dollar Dip and pass it around with a tray of dippers like my favorite crackers, potato chips, or vegetables. This party favorite will be gone before halftime!

looking down on a bowl with a creamy dip with bacon and cheese surrounded by crackers

Serve up this keto million dollar dip recipe with tortilla chips or crackers for a homemade scoopable option.

This snack is also called the Neiman Marcus dip and includes mayonnaise, real bacon bits, freshly shredded cheddar cheese, crunchy almonds, sliced green onions, and garlic powder. It’s a flavorful party dip commonly found during the holiday season and on the snack table on game night for good reason. You won’t be able to get enough of this delicious dip.

How to make million dollar dip

There are only two steps to make this vintage low-carb recipe.

  1. Combine the dip ingredients – mayonnaise, shredded cheddar cheese, crumbled bacon, almonds, green onions, and garlic powder.
  2. For best results, cover and refrigerate for at least 2 hours to set.

a plate of crackers next to bowl of dip topped with bacon and green onions in the background

What is in million dollar dip?

You can find the ingredients for this easy recipe at your local grocery store or in your pantry at home.

  • Mayonnaise: This is the base for the dip. Be sure to use good quality mayo here. Avocado mayo can be used too.
  • Shredded cheese: Use sharp cheddar cheese as it has the most flavor, but mild or medium cheddar can be used. It’s best to grate your own cheese to avoid the fillers that are added to pre-shredded cheese. Shredding cheese yourself gives a better texture too.
  • Bacon: For the best flavor, cook and crumble your own bacon. For a quick option, use bacon bits.
  • Slivered almonds: Almonds add a crunchy texture to this party appetizer.
  • Green onions: Thinly slice the green onions for a beautiful presentation.
  • Garlic powder: A little garlic goes a long way to making this dish flavorful. Can use fresh minced garlic too.
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Recipe
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Million Dollar Dip

Prep 3m Total 3m 12 servings

Ingredients

  • 1 ½ cups mayonnaise
  • 8 oz shredded cheddar cheese
  • ½ cup cooked crumbled bacon or bacon bits
  • ½ cup slivered almond
  • 5 green onions, sliced (green part only)
  • ½ teaspoon garlic powder

Step by Step Instructions

Step by Step Instructions

1
Combine ingredients

In a medium bowl, combine mayonnaise, shredded cheddar cheese, crumbled bacon, almonds, green onions and garlic powder. Stir to combine.

almonds in a bowl with a wooden spoon
2
Refrigerate

Cover and refrigerate for at least 2 hours to set.

a mixture of cheese and mayo spread in a bowl with a wooden spoon
Tip Refrigerating helps the dip to mold together and helps the flavors combine.
Nutrition Per Serving 1/4 cup dip
310 Calories
30.4g Fat
7.3g Protein
0.7g Net Carbs
1.5g Total Carbs
12 Servings
Nutrition disclaimer

The nutrition information provided is an estimate and is for informational purposes only. I am a Doctor of Pharmacy (Pharm.D.); however, this content is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always consult your physician or other qualified health provider before making any lifestyle changes or beginning a new nutrition program.

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Million Dollar Dip

Frequently Asked Questions

Can this dip be made ahead of time?

Yes, it’s even better when it’s allowed to sit in the fridge while the flavors get to marinate and combine.

How long can I leave this dip out at a party?

You can leave the dip out for up to two hours. Then it needs to go back into the fridge to come back down to a safe temperature.

Can you freeze million dollar dip?

Freezing this dip is not recommended. The mayonnaise will have an odd texture when thawed, and it won't be nearly as tasty. It's best to make it fresh when you want a bowl.

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creamy cheese, onion and bacon dip close up

Why is it called Million Dollar Dip?

The original recipe for “almond-bacon-cheese spread” was published in Helen Corbitt’s Cookbook by Helen Corbitt. It was reportedly served in the Zodiac Room and called the Neiman Marcus Cheese Dip. Today it’s known less for where it was served and more for its million dollar flavor.

Substitutions & variations

This dip will be a huge hit with everyone at your party.

But if you’re looking at changing it up a bit, here are some tasty keto options for you to try.

  • Try other types of cheese like Colby Jack or Pepper Jack cheese.
  • Use pre-cooked bacon bits in place of the freshly cooked and crumbled bacon if you’re short on time.
  • Add crushed pork rinds instead of bacon for an extra layer of crunchiness.
  • Experiment with different nuts like sliced almonds, chopped pecans, walnuts, or pistachios.
  • Try using a blend of cream cheese and sour cream instead of mayo.
  • Add minced jalapeños or a dash of cayenne pepper for a spicy kick.
  • Add lump crab or diced shrimp for a seafood version of this dip.
  • Substitute minced shallots or chives for the green onions.
  • Add chopped parsley for color and flavor.
a cheese and mayo based dip in a bowl with tortilla chips around and a chip stuck in the dip

Expert tips for the best dip

Use these tips and tricks for great flavor in this creamy dip.
  • Toast the almonds or nuts before adding them to the dip.
  • Use quality mayonnaise since it’s one of the main ingredients in this recipe.
  • Buy a block of cheese and shred it yourself for the best flavor.
  • Cook the bacon on a baking sheet covered with aluminum foil in the oven to reduce the mess of bacon grease.

How to serve million dollar dip

Pair this dip with your favorite dipper.

Use celery sticks, bell pepper, cucumber, pork rinds, crackers, bagel, carrot sticks, or tortilla chips to scoop it up.

Serve it for game days, backyard barbecues, potlucks, family get-togethers, or holiday parties.

Storage information & meal prep instructions

Keep leftover dip in the refrigerator in an airtight container for up to five days, depending on how long it was left at room temperature when serving. If it was left out for two hours, reduce the time by one day. This is an excellent recipe to make ahead of time. Follow the instructions to make this dip up to two days in advance of your next party. Cover it with plastic wrap until you’re ready to serve it.
About the Author
Annie Lampella, Pharm.D.

Annie Lampella, Pharm.D.

Annie is a Doctor of Pharmacy, mom, and the recipe creator behind KetoFocus. With a B.S. in Genetics from UC Davis, she has over 14 years of experience developing family-friendly keto recipes based on the science of human metabolism.

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