This crispy, caramelized Million Dollar Bacon is the most decadent addition to any breakfast or brunch. It’s sweet, salty, smoky, and can be made mild or spicy—both versions are out of this world. Serve it on a breakfast board, tuck it into a burger, crumble it over deviled eggs, or enjoy it as a stand-alone treat. My boys LOVE this recipe, and once you try it, you’ll quickly see why!

This Million Dollar Bacon is such a fun holiday recipe because it feels like a special, irresistible treat that instantly elevates any breakfast or brunch. Its sweet, sticky, caramelized flavor makes holiday mornings feel extra festive and memorable for everyone at the table.
This recipe was inspired by another reader-favorite on my site Cozy Fall Breakfast Hash , and it pairs perfectly with this delicious Overnight French Toast.
Jump to:
- Why You’ll Love This Million Dollar Bacon Recipe
- Equipment Needed
- Ingredients & Why They Work (with Substitutions)
- How to Make Million Dollar Bacon
- Variations
- Tips for Success
- Million Dollar Bacon vs. Billionaire Bacon
- Oven Directions
- How to Store & Reheat Leftover Million Dollar Bacon
- FAQs
- More Breakfast Recipes
- Cooking With Lori Recipes
- Million Dollar Bacon
Why You’ll Love This Million Dollar Bacon Recipe
You will love this million dollar bacon because it’s made with simple, everyday ingredients you likely already have in your kitchen. Even better, it takes very little effort—simply coat, air fry, drizzle, and cool. Additionally, everyone goes crazy for it at breakfast, brunch, or parties.
Here are more reasons this recipe is irresistible:
- Simple to make with minimal prep
- Everyone loves it—kids, adults, and guests
- Easily customizable: make it kid-friendly, spicy, or an adult-only boozy version
- Works in the air fryer or oven
- Ready in just 30 minutes
- Fun way to elevate deviled eggs, burgers, salads, and breakfast boards
- Great make-ahead option for hosting
- Smells heavenly while cooking
Equipment Needed
Using the right equipment makes this million dollar bacon even easier.
- Air Fryer – cooks the bacon quickly and caramelizes the sugar beautifully
- Measuring cups – to measure the sugar and spices
- Small bowl – to mix the brown sugar and seasonings
- Parchment paper – to lay the raw bacon on for easy prep and clean-up
Ingredients & Why They Work (with Substitutions)

- Thick cut bacon - Thick slices hold up well to the sugar and caramelization. Substitution: regular bacon works great and gets extra crispy.
- Brown sugar - Adds sweetness and helps the bacon caramelize into that signature candied crust. Substitution: light brown sugar or coconut sugar.
- Black pepper - Adds warmth and pairs beautifully with sweet bacon. Substitution: white pepper or omit for mild.
- Paprika - Adds color and light smokiness. Substitution: smoked paprika for deeper flavor.
- Cayenne pepper (optional) - Adds heat; perfect for a spicy version. Substitution: ground chipotle or omit completely.
- Crushed red pepper flakes (optional) - Adds a pop of heat and a rustic look.
- Maple syrup - Creates that glossy, sticky finish that makes million dollar bacon so special. Substitution: honey.
- Fresh cracked black pepper - Adds a final savory touch and enhances texture. Substitution: coarse ground black pepper.
See recipe card for full directions.
How to Make Million Dollar Bacon

Step 1: Prep the bacon & seasoning. Cut the bacon crosswise into shorter pieces and lay the pieces flat on parchment. In a small bowl, mix the brown sugar, black pepper, paprika, and optional cayenne or red pepper flakes.

Step 2: Coat the bacon. Sprinkle the seasoned brown sugar mixture over each piece of bacon, spreading it evenly.

Step 3: Air fry in batches.
Place half the bacon in an unlined air fryer basket and cook at 400°F for 10–12 minutes, flipping halfway and checking often to prevent burning. Cook 1-2 minutes more at a time until desired crispness. Transfer cooked pieces to a plate (not paper towels) and drizzle with maple syrup. Let sit 10 minutes to caramelize. Repeat with the second batch, reducing cook time to about 8 minutes.

Step 4: Finish & serve.
Add fresh cracked black pepper or extra red pepper flakes if desired. Enjoy once fully cooled and crisp.

Variations
- Kid-Friendly Million Dollar Bacon - Omit cayenne, red pepper flakes, and black pepper for a sweet-only version.
- Spicy Version - Increase cayenne, red pepper flakes, and black pepper. For even more heat, drizzle with Sriracha.
- Boozy Adult Version - Stir ½–1 teaspoon bourbon into the maple syrup before drizzling.
- Honey Hot Version - Mix hot honey with maple syrup for a fiery-sweet finish.
Tips for Success
- Always check the bacon while cooking so the sugars don’t burn.
- Do not place cooked bacon on paper towels—the candy coating sticks!
- If using regular bacon, reduce cooking time slightly.
- Let the bacon cool fully for the crispiest finish.
Million Dollar Bacon vs. Billionaire Bacon
Million dollar bacon is sweet, peppery, and lightly spicy with a maple finish. Billionaire bacon often includes luxury additions like bourbon, smoked salts, or specialty peppers for a more intense flavor. Both are incredible—million dollar bacon is just simpler and more family-friendly.
Oven Directions
- Bake the coated bacon at 350°F on a parchment-lined rimmed sheet pan for 20–30 minutes checking half way through. Remember to check on the bacon periodically as it can burn quickly. Remove from the oven and drizzle with maple syrup. Allow it to cool and caramelize.
How to Store & Reheat Leftover Million Dollar Bacon
Store leftovers in an airtight container in the fridge for up to 3 days.
To reheat, air fry at 400°F for 3–4 minutes, or until sizzling again.
FAQs
Yes! Turkey bacon works, but it may cook faster.
Follow the simple step-by-step instructions above for the perfect First Watch copycat version.
Yes! This version is inspired by the famous menu item and is naturally gluten-free, just like the First Watch gluten free menu items.
More Breakfast Recipes
- Christmas Breakfast Casserole
- Overnight French Toast
- Easy Wassail
- Simple Dutch Baby
- Easy Quiche
- Potato Crust Quiche
- Cozy Fall Breakfast Hash
- Healthy Hot Chocolate
Cooking With Lori Recipes
Million Dollar Bacon
Equipment
- Air Fryer
Ingredients
- 1 lb thick cut bacon can use regular bacon
- ⅓ C brown sugar
- ½ t black pepper
- ½ t paprika
- ¼ t cayenne pepper - optional
- ½ t chili pepper flakes - optional
- 2 T maple syrup
Instructions
- Cut the bacon crosswise into shorter pieces.
- Lay out the bacon pieces flat on a cutting board or parchment paper.
- In a small bowl, combine the brown sugar, black pepper, paprika, optional cayenne pepper, and optional crushed red pepper flakes.
- Sprinkle the desired amount of seasoned brown sugar over each piece of bacon, spreading it evenly.
- Place half of the bacon in a bare, unlined air fryer basket.
- Cook at 400°F for 10–12 minutes, flipping halfway through. Be sure to check that the bacon isn’t overcooking, since sugar burns quickly. Cook in 1–2 minute increments as needed to desired crispness.
- Once cooked, use tongs to transfer the bacon to a plate—do not use paper towels, or it will stick.
- Using a spoon, drizzle your desired amount of maple syrup over each piece. Allow it to sit for 10 minutes to caramelize; it crisps as it cools.
- Repeat with the second batch. Reduce cooking time to about 8 minutes, as the preheated air fryer cooks faster.
- Optional: sprinkle with fresh cracked black pepper and additional red pepper flakes for color and flavor.
Notes
Tips for Success
- Always check the bacon while cooking so the sugars don’t burn.
- Do not place cooked bacon on paper towels—the candy coating sticks!
- If using regular bacon, reduce cooking time slightly.
- Let the bacon cool fully for the crispiest finish.











