A watercraft drain assembly has a tubular drain body having a first end and a second end, at least one inlet opening disposed on the drain body for allowing water to enter the drain body, a first outlet opening disposed at the first end of the drain body for allowing water to exit the drain body, a drain plug for selectively plugging the first outlet opening, and a second outlet opening disposed on the drain body for allowing water to exit the drain body. A watercraft incorporating the watercraft drain assembly is also disclosed.