A dual-bearing reel, includes a reel body, a handle, a spool, a spool shaft, a friction material an operating portion. The reel body has a first reel body portion and a second reel body portion. The handle is attached to the first reel body portion. The spool is disposed between the first reel body portion and the second reel body portion. The spool shaft is configured to integrally rotate with the spool. The friction material is configured to brake rotation of the spool shaft by frictional force. The operating member is rotatably disposed about the spool shaft in the second reel body portion, a portion of the operating member being exposed from an outer perimeter surface of the second reel body portion, and the operating member is configured to adjust the braking force by the first friction material by being rotated.