Laws was speaking live on BBC Radio Humberside after the 4-0 hammering at the Keepmpoat Stadium when he made the remarks.
"I would like to apologise. The use of the word was not intended to cause offence and was used in the heat of the moment, in the frustration of the defeat," he said, in a statement released via the club's official website.
"It was a poor choice of language to define those emotions and wasn't meant in the true meaning of the word."
Around six million Jewish people are believed to have been murdered by Nazi Germany during the Holocaust, with up to 17 million people killed in total.