Are the threads (well) intact and/or show no signs of damage or sripping? Are you sure it's coming from the drain plug and not dripping from the gasket by the drain plug...?
If it's the threads in the oil pan, you got trouble, but it can be fixed, need to create a new, smaller hole, or drill a wider hole and place that stuff which you can create a new hole. My mechanic friend drilled a new hold for my truck in the thermostat housing for about a hundred bucks.
Anyhow, before doing that, might want to try cleaning the threads (both of them) really well & getting a new drain plug.