Yes, gotcha is in the scrabble dictionary

...and is worth 13 points by itself.

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Gotcha Definition

noun

A game or endeavor in which one party seeks to catch another out, as in a mistake or lie.
from The American Heritage Dictionary of the English Language, 4th Edition
An unexpected usually disconcerting challenge, revelation, or catch.
from Free Scrabble Dictionary
An attempt to embarrass, expose, or disgrace someone (as a politician) with a gotcha.
from Free Scrabble Dictionary

interjection

Used to indicate understanding or to signal the fact of having caught or defeated another.
from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points

Points

gotcha

12

2 letter words with GOTCHA

Points

ah

5

at

2

oh

5

to

2

ta

2

ag

3

ha

5

go

3

ho

5

3 letter words with GOTCHA

Points

tag

4

oca

5

och

8

hag

7

hao

6

hat

6

hog

7

hot

6

oat

3

tao

3

tho

6

got

4

goa

4

gat

4

tog

4

cot

5

cog

6

cat

5

ago

4

act

5

4 letter words with GOTCHA

Points

oath

7

tach

9

taco

6

toga

5

goth

8

goat

5

ghat

8

gach

10

coat

6

chat

9

chao

9

cath

9

5 letter words with GOTCHA

Points

gotch

11

gatch

11

6 letter words with GOTCHA

Points

gotcha

12

Found 44 words in 0.20842 seconds