"Well, you know, I do have four kids", Simpson said.
The convict reportedly receives nearly £20,000 a month while serving his sentence at the Lovelock Correctional Centre in Nevada.
Simpson was found not guilty in the killings of his ex-wife, Nicole Brown Simpson, and her friend Ronald Goldman.
The impending parole hearing that has been talked about heavily over the past few weeks is here and it all went down on Thursday.
The board, which normally takes days to render a decision, has said it will announce its ruling the same day in light of the high-profile nature of Simpson's case. "I wish this would have never happened", Simpson said. He was ordered to serve a term of nine-to-33-years on 12 convictions, with a chance at release in October.
Simpson, an athlete and actor, became a controversial figure after he was charged with murdering his ex-wife, Nicole Brown Simpson, and her friend Ron Goldman.
Reflecting America's enduring fascination with Simpson, several major TV networks and cable channels - including ABC, NBC, CNN, Fox, MSNBC and ESPN - carried the proceedings live, just as some of them did two decades ago during the Ford Bronco chase that ended in Simpson's arrest, and again when the jury in the murder case came back with its verdict. "There is no right or wrong way to explain how to handle this". Upon his release, Simpson will relocate to Florida. After Bisbee finished speaking, commissioner Corda asked, "What were you thinking?" in reference to the night Simpson and others committed the crime in Las Vegas.
Simpson had no disciplinary issues while behind bars and took numerous classes, according to testimony before the parole board.
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Bruce Fromong, who one of Simpson's victims in the robbery, testified in favour of his release.
"Well, I understand that our two cases are not linked - the murder case and what he did in Las Vegas", Kim Goldman said.
He later told the board that he completed an "Alternative to Violence" course while incarcerated and believes it should be mandatory for all inmates.
Simpson, 70, had said he was only trying to reclaim his possessions. To make their decision, the parole board members considered Simpson's conduct in prison, participation in prison programs, a potential letter of support and an assessment of the risk of re-offending.
It's amusing the seemingly nice woman on the parole board just told O.J. that his parole hearing is like everyone else's. Turning to Simpson, Fromong said that if Simpson was released: "Juice I'll be here tomorrow for you".
If he is not granted parole, commissioners will decide the date of the next parole board meeting, which could be as far away as five years. Simpson also repeatedly apologized for his role in the crime.
The so-called "Trial of the Century" captivated the country yet again previous year with the release of an Emmy-winning FX miniseries that dramatized the legal saga and an Oscar-winning ESPN documentary that delved into the social issues surrounding it. Mr Goldman's family filed a civil lawsuit against Simpson and the former National Football League star was ordered to pay the family $33,500,000 in damages.