Very common complaint on all Yamaha 4 stroke models. That is one reason that Yamaha moved the connector to a point on the outside of the hull on the 2012 models. You can do that yourself with a little work and a few dollars worth of supplies. All you need is a 5/8" barbed nipple, some 5/8" hose, a couple of SS hose clamps, and a little silicone. Someone else gave me the idea off another forum, and I did it on my ski a couple of weeks ago. I can't seem to find the thread right now, but here is a photo of the finished product:
The other option is to get one of these flush extensions that are supposed to not leak (scroll down to "quick disconnect flush connector":
YAMAHA FX HO / FX140
Kind of expensive at $50, but guys that have them say they do not leak.