@jediturtle: Laser cutters/engravers can run in two modes: Engraving and cutting. For engraving you can use any image file as it wil be "printed" line-by-line by the laser. For cuctting you have to supply vector paths, similar as if you want to make stencils with a vinyl cutter. You can also go with the line-by-line mode for cutting with a laser in theory, but this gives you unsatisfactory edges and takes nearly forever.
@mwiz: I can also vetorize it for you and directly make the part for you for a few bucks (availability depending on which color you require). If interested send me a pm.