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The phrase "a money machine" is correct and usable in written English.
It can be used to refer to a source of continuous income or profit, often in a business context.
Example: "The new product line has turned out to be a money machine for the company, significantly boosting our revenue."
Alternatives: "cash cow" or "profit generator".
Exact(60)
"He is a money machine," he said of his mentor, Mr. Alvarado, smiling as the break dancers wandered away.
"FIFA is a money machine," Rummenigge said.
But Bayern, too, is a money machine.
You know, it's a money machine.
Conservatives oppose it because it is a money machine.
It turns the whole place into a money machine".
Football has to be more than a money machine.
His detractors say Mr. Blankfein has built a money machine that puts itself before its customers.
"The whole neighborhood is a money machine," said Ingrid Sischy, the Vanity Fair contributor.
And isn't the point of a money machine to increase revenue?
But while Générale has an enviable franchise, it is hardly a money machine.
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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