A dual-bearing reel includes a reel body, a spool rotatably held between side plates, and a brake unit configured to brake the spool. The brake unit includes a cover portion, a first regulator and a second regulator. The cover portion has a first circumferential part and a second circumferential part, and is mounted to the reel body. The first regulator and the second regulator are covered with the cover portion. The first circumferential part has a first opening exposing at least a part of the first regulator therethrough, whereas the second circumferential part has a second opening exposing at least a part of the second regulator therethrough. The reel body has a first restriction part covering the first opening.