Yes, wanks is a Scrabble word!
...and is worth 12 points in Scrabble, and 13 points in Words with Friends
wanks
Verb
1. Get sexual gratification through self-stimulation
Noun
1. Slang for masturbation
What Scrabble words can I make with the letters in wanks?
5 Letter Words
4 Letter Words
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3 Letter Words
2 Letter Words