A dual-bearing reel includes a regulating member, a fixation member and an operating lever. The regulating member includes a flange part. The operating lever includes a through hole penetrated by the regulating member. The operating lever is attached to the regulating member and interposed between the flange part and the fixation member. Additionally, the through hole has a minor axis and a major axis. One of the regulating member and the operating lever includes at least one engaging recess that is aligned in a circumferential direction and is opened in a radial direction. The other of the regulating member and the operating lever includes an engaging protrusion to be engaged with the at least one engaging recess. The engaging protrusion and the at least one engaging recess are set in an engaged state or a disengaged state by moving the operating lever in a direction of the major axis.