* "Killing" in the context of hunting: In the Wild West, "making a kill" literally meant successfully hunting an animal. This success would bring in a significant amount of money or food for the hunter.
* "Killing" in the context of gambling: Gambling was a common activity in the Wild West, and "killing" could refer to winning a large sum of money at a game.
* "Killing" in the context of business: The phrase could have also come from the world of business, where a "killing" would refer to a very profitable transaction.
The phrase "make a killing" gradually evolved into a general idiom meaning to earn a large amount of money, often quickly or easily. It still carries a connotation of "killing" the competition or "killing" the market, implying a degree of ruthlessness or success in achieving that financial gain.
It's worth noting that the phrase has been used in various contexts throughout history, with its exact meaning slightly shifting based on the time and context. However, its core meaning of achieving a significant financial gain remains consistent.