Fantasy sports may be made up of make believe teams but the money won and lost on them is real and state lawmakers are working to find a path to legalization.

A panel of House lawmakers approved legislation to legalize online daily fantasy sports wagering. The bill would have the Illinois Gaming Board oversee the contests and the businesses that run them.

The state is also seeking to charge the operators a licensing fee based on revenue.

The new regulations would forbid employees of daily fantasy sports teams from playing in the games and would bar anyone under 21 from playing.

Now that the bill is out of committee it needs to advance on to another vote in the House.