Meaning of the word bonanza in English

What does bonanza mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bonanza

US /bəˈnæn.zə/
UK /bəˈnæn.zə/

Noun

a situation or event that creates a sudden increase in wealth, good fortune, or profits

Example:
The discovery of oil led to an economic bonanza for the region.
The new software proved to be a real bonanza for the company, boosting profits significantly.