Facebook's raking in the money and crushing the competition, according to a new report from eMarketer. eMarketer believes advertisers will pay Facebook $1.29 billion this year, which is about 3.7 times the amount it expects MySpace to receive. You can read a Facebook-specific chart for yourself below. As for its traditional rival, eMarketer said in a statement, "MySpace is diminishing in importance, with an expected $297 million in ad revenues worldwide next year, down 14% from $347 million this year."