word choice - "Make money off of" vs. "make money out of"

This seems like another US/UK split. Looking at Ngrams, "make money out of" is the traditional way of saying it, but in the U.S., "make money off (of)" has now overtaken out of in frequency. From Ngrams

In the U.K., out of is still far more common. Since it's still correct in the U.S., you should probably choose out of if you're deciding between them.

Since the phrasal verb make off does not take an object, the meaning run away is impossible for "make money off"; to use the phrasal verb with money as an object, you would need to say "make off with money".