The audio recording of Yair Netanyahu, who has been the subject of controversy in the past, led to further criticism of his father's handling of Israel's natural gas industry at a time when he already faces two unrelated graft investigations.
Netanyahu's family denounced the broadcast of the recording by Israel's Channel 2 television late Monday as part of a witch-hunt, while Yair Netanyahu said he was obviously joking in the audio said to be from 2015.
Their conversation includes talk of strippers and prostitutes.
"My dad arranged $20 billion for your dad -- you can give me 400 shekels ($116/97 euros)," he says.
Yair Netanyahu issued a statement apologising and saying he was only joking about the gas deal while "under the influence of alcohol".
"These statements do not represent who I am nor the values on which I was raised," he said.
"Regarding what I said about the gas deal, it was a joke. Anyone with a bit of common sense understands that right way."
Labour party leader Avi Gabbay said the recording was a "new stain on the corrupt gas deal".
There was also criticism over Yair Netanyahu's security arrangements, with at least two lawmakers calling for an investigation.
A security guard employed by the state purportedly accompanied Yair Netanyahu to the strip club.
Netanyahu's office said it "is not consulted on protection arrangements for his children decided upon by the security services".
The Netanyahus in a statement said the broadcast of the recording was part of a "witch-hunt against the family that has reached an unprecedented low".
The statement also said Netanyahu had no relationship with Maimon and was not aware of Yair Netanyahu's friendship with his son.
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