First, where is it leaking? The rear I'll bet. Probably the front too.
It most likely IS bad (most of them are), but you may be surprised to find that replacing it will not stop it from leaking oil but it may slow it down.
Read here to find out why.
As to how easy it is to replace a pan gasket, it can be done from under the car, but a lift works better due to the restricted ground clearance. It is a messy job. You cannot seal the rear bearing cap to the block with the engine backplate attached (see the link) and it is likely to be the source of most of the leak at the rear.
The gasket is a 4 piece affair consisting of 2 cork strips for the caps and 2 paper or cork pieces for the sides. It will eventually seep oil no matter what you do because of what it is made of. I have replaced my cap pieces with ultra silicone, but the sides still seep over time. If you use silicone for the cap pieces, use "The Right Stuff" since its drying time is much quicker. Ultra black or blue may take days to set firm.
If I were you, I would just suck it in and wait for a new gasket, since its a hassle working under any car .
If you decide to tackle the rear main cap, I used Yamabond 4 and it works. It is a metal to metal sealant used in the motorcycle industry to join case halves and works well. Good for reinforcing paper gaskets too, Any Yamaha dealer should stock it. Just make sure you don't over do it and get some squeezed onto the bearing surface
Hope this helps
-Michael