Yes, RACQUET is a Scrabble word!

Letter values in Scrabble US: R 1, A 1, C 3, Q 10, U 1, E 1, T 1.

Is it a valid word?

RACQUET is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

a sports implement (usually consisting of a handle and an oval frame with a tightly interlaced network of strings) used to strike a ball (or shuttlecock) in various games