diff --git a/pkgs/development/interpreters/racket/default.nix b/pkgs/development/interpreters/racket/default.nix
index bf6050e04bd0..3b3b91afd6f0 100644
--- a/pkgs/development/interpreters/racket/default.nix
+++ b/pkgs/development/interpreters/racket/default.nix
@@ -46,7 +46,7 @@ in
 
 stdenv.mkDerivation rec {
   pname = "racket";
-  version = "7.4"; # always change at once with ./minimal.nix
+  version = "7.5"; # always change at once with ./minimal.nix
 
   src = (stdenv.lib.makeOverridable ({ name, sha256 }:
     fetchurl {
@@ -55,7 +55,7 @@ stdenv.mkDerivation rec {
     }
   )) {
     name = "${pname}-${version}";
-    sha256 = "07rf8sakwssl0gn9g4d3ls2cr10zlhghz0pscrh0jc6mnprrb10i";
+    sha256 = "0b74v0pqkx57x2gk0m4sp94jaf6bi1mci4ix9vx4sh2442sbds1j";
   };
 
   FONTCONFIG_FILE = fontsConf;
@@ -103,7 +103,7 @@ stdenv.mkDerivation rec {
       GUIs and charts.
     '';
     homepage = http://racket-lang.org/;
-    license = licenses.lgpl3;
+    license = with licenses; [ asl20 /* or */ mit ];
     maintainers = with maintainers; [ kkallio henrytill vrthra ];
     platforms = [ "x86_64-darwin" "x86_64-linux" ];
     broken = stdenv.isDarwin; # No support yet for setting FFI lookup path
diff --git a/pkgs/development/interpreters/racket/minimal.nix b/pkgs/development/interpreters/racket/minimal.nix
index b05d449ea2fb..df7c72c4a681 100644
--- a/pkgs/development/interpreters/racket/minimal.nix
+++ b/pkgs/development/interpreters/racket/minimal.nix
@@ -5,7 +5,7 @@ racket.overrideAttrs (oldAttrs: rec {
   name = "racket-minimal-${oldAttrs.version}";
   src = oldAttrs.src.override {
     inherit name;
-    sha256 = "0ixha4hcxlrsqjszjlr7xv6nn3mc5pb6szlbn4cq0880avakmml7";
+    sha256 = "0478f0phkjch10ncsl8lm8a1m8qvgchrkgzpcaxyhmg2clyjgn8r";
   };
 
   meta = oldAttrs.meta // {