In a large pot, melt the butter over medium-low heat.
Once melted, reduce heat to low and add garlic powder, minced garlic, old bay seasoning, paprika, cajun seasoning, sugar, cayenne pepper, chili powder, lemon pepper. Cook for 30 seconds until you begin to smell the spices.
Stir in the hot sauce and lemon juice. Bring to a simmer for 5 minutes. Use right away.