Yes, loots is a Scrabble word!
...and is worth 5 points in Scrabble, and 6 points in Words with Friends
loots
Verb
1. Take illegally; of intellectual property
2. Steal goods; take as spoils
Noun
1. Goods or money obtained illegally
2. Informal terms for money
What Scrabble words can I make with the letters in loots?
5 Letter Words
4 Letter Words
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3 Letter Words
2 Letter Words