The advent of information technology throughout the United States has revolutionized the educational process and sparked the rapid growth of virtual education at the K-12 level in almost every state such that courses in every imaginable subject can now be offered outside the geographic constraints of school districts and traditional brick-and-mortar buildings. Virtual education for elementary and secondary students has grown into a $507 million market and continues to grow at an estimated annual pace of 30%. With the dramatic growth of virtual education, state policy and funding issues related to virtual schools have become increasingly important. Such issues include, but are not limited to, equity, access, choice, and cost-effectiveness. Yet, little systematic research exists to assist state policymakers in their decision-making. To that end, this article presents an overview of the type and funding of virtual education by state as a first step in providing policymakers with much needed information. (Contains 3 tables and 52 endnotes.)