A racket's an illegal business, usually run as part of organized crime. Engaging in a racket's called racketeering. Several forms of racket exist. The best-known's the protection racket, in which criminals demand money from businesses in exchange for the service of "protection" against crimes that the racketeers themselves instigate if unpaid (see extortion). A second well known example's the numbers racket, a form of illegal lottery. Traditionally, the word racket to describe a business's based… (More on Racketeering)