Indiana's Paul George and Washington's John Wall also will take part in the night's marquee event Feb. 15. There haven't been three All-Stars in the dunk contest since the famed 1988 duel, when Michael Jordan beat Dominique Wilkins on his home floor in Chicago, in a field that also included Clyde Drexler.
Lillard, the reigning Rookie of the Year, will play in the Rising Stars Challenge on Friday night before defending his Skills Challenge title and competing in the 3-point contest.
The remainder of the dunk field is defending champion Terrence Ross of Toronto, Golden State's Harrison Barnes and rookie Ben McLemore of Sacramento.
Cleveland All-Star Kyrie Irving will defend his 3-point title against a field that also includes All-Stars Stephen Curry of Golden State, Kevin Love of Minnesota and Joe Johnson of Brooklyn, plus Orlando's Arron Afflalo, Washington's Bradley Beal and San Antonio's Marco Belinelli.
The events will again feature an Eastern Conference vs. Western Conference format, with the teams competing for charity. George will captain the East and Curry the West.
Lillard will be paired with Utah's Trey Burke as the Skills Challenge is switching a team relay format.
The teams for the shooting stars, which features a current and former NBA player teaming with a WNBA player, are: Kevin Durant, Karl Malone and Skylar Diggins; Chris Bosh, Wilkins and Swin Cash; Stephen Curry, Dell Curry and Becky Hammon; and Tim Hardaway Jr., Tim Hardaway Sr. and Elena Delle Donne.