King, who's retained Hagerstown, MD. attorney J. Gregory Hannigan as her legal counsel, says while she's heard of the existence of the alleged tape, she never made one.
The Miss Delaware runner-up (Hailey Lawler) will fill King's departed spot, according to pageant spokeswoman Dara Busch.
The sex tape scandal comes as a surprise, as King maintained a wholesome image through her high school years. On her pageant bio, she says she was "inaugurated into the National Society of High School Scholars due to her exceptionally high SAT scores, GPA, and AP scores."
In addition to her academic achievements, she was a cheerleader/gymnast and played on the soccer the track and field team.
Now a communications major at the College of Philadelphia, King, who turns 19 on March 29, also boasts a longtime history of charitable work, having volunteered for the American Heart Association, the Women's Sport Foundation, and with local foster children.
King said on her pageant bio that, "One day, she hopes to work for a prestigious fashion magazine in New York City or maybe on the sidelines of an NFL game as a sports journalist," as "she likes the sound of both!"