Name: Million Dollar Dip
Total time: 10 min
Yield: 8 servings
Cuisine: American
Ingredients: 1 cup mayonnaise; 1 cup medium cheddar cheese grated, 1 heaping cup or 4 oz; ½ pound bacon cooked and crumbled, about 3/4 cup; 4 green onions sliced, about 1/2 cup; ¾ cup slivered almonds toasted; 1 teaspoon minced garlic

This quick and easy million dollar dip recipe is creamy, cheesy, and thrown together in 10 minutes. It’s made with only 6 ingredients – mayo, cheddar cheese, bacon, almonds, green onions, and garlic!

Why this recipe works

You might also know million dollar dip as Neiman Marcus Dip. This party dip is packed with a creamy mayo base, savory crumbled bacon, toasted slivered almonds, and cheddar cheese then scooped with a buttery cracker or crisp tortilla chip.

It’s definitely worthy of its name much like its distant relative, million dollar chicken casserole. It’s no wonder it shows up at almost every holiday gathering, potluck, and football party and is devoured before you know it.

Ingredients you will need

Get all measurements, ingredients, and instructions in the printable version at the end of this post.

Ingredient Info and Substitution Suggestions

BACON – Storebought pre-cooked bacon or bacon bits can be used instead of cooking and crumbling it yourself.

CHEESE – Medium or sharp cheddar cheese is our preference for this dip, however, you can substitute or do half-and-half with Gouda or Swiss if desired. I highly recommend shredding your own cheese as storebought shredded cheese contains anti-caking agents, plus, the texture of freshly grated cheese is softer and delicate, perfect for dipping.

ALMONDS – You do not have to toast the almonds. Toasting the almonds adds crunch and flavor, but many people make their Million Dollar Dip with raw almonds which is still delicious. To toast the almonds, spread them on a sheet pan and roast in the oven for about 5 minutes or until they are golden brown. Remove from the sheet pan immediately or they will continue cooking (and can burn) on the hot sheet pan even if they are out of the oven. Cool toasted almonds completely before mixing in with the other dip ingredients.

How to Make Million Dollar Dip

These step by step photos and instructions are here to help you visualize how to make this recipe. You can Jump to Recipe to get the printable version of this recipe, complete with measurements and instructions at the bottom.

In a large bowl, stir together all ingredients, reserving a sprinkle of some of the mix-ins for topping the dip.
Transfer to a serving bowl and top with a few almonds, green onion slices, and bacon crumbles.
Serve with butter crackers (Ritz), Triscuits, or another sturdy cracker.

Frequently Asked Questions & Expert Tips

How do I store it?

Store million dollar dip in an air-tight container kept in the refrigerator for up to 3 days.

Can I make million dollar dip in advance?

Yes, all of the components of this dip can be prepared in advance (grating the cheese, cooking the bacon, toasting the almonds, etc.) and then stored in separate airtight containers or plastic baggies until assembly time. You can also fully prepare the dip and store it with an air-tight lid in the refrigerator up to a day in advance.

Serving Suggestions

Serve million dollar dip chilled with sturdy crackers or chips like Ritz, Triscuits, tortilla chips, pita chips, or pretzels. Veggies are always welcome as well – broccoli, cauliflower, carrots, or celery provide a tasty and sturdy base to dip with.

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