The present work addresses the quantum polygon billiard problem with attention given to analytic and degeneracy properties of energy eigenstates. The ''polygon ground-state theorem'' is proven which states that the only polygons that contain respective ground states that are analytic in the closed domain of the entire polygon are the ''elemental polygons'' (defined in the text). The ''polygon first excited-state theorem'' is established which states that for every N-sided regular polygon, N equivalent first excited states exist, each of which contains a nodal curve that is a line of mirror symmetry of the related polygon. A vector description of nodal diagonal eigenstates is introduced to establish the second component of this theorem which indicates that the space of first excited states for the N-sided regular polygon is spanned by any two of these N nodal-diagonal eigenstates (i.e., the first excited state is twofold degenerate). At various levels of the discussion attention is drawn to the correspondence between the quantum and classical solutions for these configurations. Thus, for example, correspondence is demonstrated in the common source of integrability in the classical and quantum domains for three inclusive, nonoverlapping classes of polygons. Stemming from the preceding conclusions, a discussion is included on the possibility of employing transverse magnetic (TM) modes in a metal wave-guide to determine if an equivalent quantum billiard configuration is chaotic.