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The phrase "a lucrative source of" is correct and usable in written English.
It can be used when discussing something that generates a significant amount of profit or income.
Example: "Investing in renewable energy has proven to be a lucrative source of revenue for many companies."
Alternatives: "a profitable avenue for" or "a rich source of".
Exact(57)
He also halted Russian tourism to Turkey, a lucrative source of income for Turkey's faltering economy.
They are a lucrative source of revenue for the brokers they deal with.
Governments also imposed high tariffs on international calls, seeing it as a lucrative source of revenue.
Text messaging has long been a lucrative source of revenue for the wireless carriers.
In their eyes, the surcharge is a lucrative source of extra cash for car rental companies.
And drug smuggling is a lucrative source of funds for the Islamists.
Shark fin soup has become a lucrative source of revenue for high-end restaurants.
Besides, asbestos litigation in America is a lucrative source of income for lawyers.
In the past quarter century it has become a lucrative source of income in a country with few employment opportunities.
Late fees are a lucrative source of additional income for Blockbuster Inc., which is a unit of Viacom Inc., and its competitors.
The fanatical group is thought to have been seeking information about Palmyra's treasures – potentially a lucrative source of income for the self-styled caliphate.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com